Monthly Archives: September 2010

Senate-passed “Plain Writing Act of 2010” would affect some IRS guidance. On September 27, the Senate by unanimous consent passed H.R. 946, the “Plain Writing Act of 2010,” which, broadly speaking would require regulatory agencies, including IRS, to issue some … Continue reading →

September 30—Public law number assigned to Small Business Act. A Public Law number has been assigned to H.R. 5297, the Small Business Lending Funding Act, which was signed into law by the President on September 27. It is P.L. 111-240. … Continue reading →

September 30—House passes James Zadroga 9/11 Health and Compensation Act. On September 29, the House by a vote of 268-160 approved H.R. 847, the James Zadroga 9/11 Health and Compensation Act of 2010, clearing the bill for Senate consideration. The … Continue reading →

Anti-offshoring tax bill fails to advance in Senate. On September 28, the Senate voted 53-45, against invoking cloture (i.e., failed to cut off debate) on S. 3816, the “Create American Jobs and Ending Offshoring Act.” It is unclear at this … Continue reading →

RIA Special Study: Accelerated capital cost recovery provisions in the Small Business Jobs Act of 2010. On September 27, the President signed into law H.R. 5297, the Small Business Lending Funding Act. The tax title of this bill, the “Small … Continue reading →

RIA Special Study: Liberalized tax credit rules and other business tax breaks in the Small Business Jobs Act of 2010. On September 27, the President signed into law H.R. 5297, the Small Business Lending Funding Act. The tax title of … Continue reading →

Obama Signs Small Business Jobs Act of 2010 (HR 5297). On September 27, 2010, President Obama approved the Small Business Jobs Act of 2010 (H.R. 5297).  The Act’s primary objective is to stimulate small business growth via a host of … Continue reading →

New policy of restraint on uncertain tax positions document requests and audit guidelines Ann. 2010-76, 2010-41 IRB. IRS is expanding its policy of restraint in connection with the requirement that certain corporations must file Schedule UTP, Uncertain Tax Position Statement. … Continue reading →

IRS has released a final Schedule UTP (Form 1120), Uncertain Tax Position Statement, and final instructions for it, along with an announcement detailing many liberalizations IRS has made in response to comments including a five-year phase-in of the reporting requirement … Continue reading →

House OKs small biz jobs bill. One week after the Senate passed a $42 billion bill aimed at helping small businesses, the House voted Thursday to send the bill to President Obama’s desk. The measure, which passed the House in … Continue reading →