Tax-extenders bill is tweaked after failing to clear Senate vote

06/18/2010 | WebCPA

The American Jobs and Closing Tax Loopholes Act of 2010 did not get enough votes to proceed in the Senate on Wednesday, leading Senate Finance Committee Chairman Max Baucus, D-Mont., to modify several provisions within the bill, including one that would raise taxes for certain S corporations. Read the AICPA's letters to Congress on obtaining tax relief for S corporation shareholders.

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