Tax News & Views Archive |
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Tax News & Views, published by the Deloitte Tax LLP Tax Policy Services group in Washington, D.C., provides a compact, reader-friendly perspective on the latest corporate tax developments coming out of Congress, the Internal Revenue Service (IRS), the Department of the Treasury, and the federal courts.
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November 6, 2009
Temporary five-year NOL carryback becomes law
- Temporary five-year NOL carryback becomes law – President Barack Obama on November 6 signed into law an unemployment insurance extension bill (H.R. 3548) with a provision that permits businesses with net operating losses (NOLs) in tax years 2008 or 2009 to carry back those losses for five years.
- House to consider health bill in Saturday session – The House of Representatives is poised to hold a rare Saturday vote November 7 on comprehensive health care reform legislation that is financed largely through a 5.4 percent surcharge on joint-filing taxpayers with modified adjusted gross income (AGI) above $1 million, and on other taxpayers with AGI above $500,000.
- Ways & Means subcommittee examines anti-tax haven proposal – Anti-tax haven legislation recently introduced in the House and Senate drew generally positive comments from government and private-sector witnesses testifying at a hearing of the House Ways and Means Select Revenue Measures Subcommittee.
November 5, 2009 - Special Edition
House approves temporary five-year NOL carryback; president’s signature expected
November 4, 2009 - Special Edition
Senate OKs temporary five-year NOL carryback
October 30, 2009
Senate to consider temporary five-year NOL carryback as part of unemployment insurance extension
October 29, 2009 - Special Edition
Merged House health care bill retains high-income surcharge
October 23, 2009
Reid, Baucus float expanded NOL carryback proposal
October 16, 2009
International tax reform efforts on hold for now, but taxpayer vigilance still advised
October 13, 2009 - Special Edition
Senate taxwriters approve comprehensive health care bill
October 9, 2009
Baucus health care proposal clears CBO hurdle; Finance Committee vote set for October 13
October 2, 2009
Senate taxwriters OK executive comp restrictions on health insurance providers as health care mark-up concludes
September 30, 2009 - Special Edition
Boxer, Kerry unveil sweeping climate-change legislation in the Senate
September 25, 2009
Finance health care mark-up to continue next week; House moves closer to floor action
September 22, 2009 - Special Edition
Baucus releases updated health care draft; hikes excise tax rates on ‘Cadillac’ plans
September 21, 2009 - Special Edition
IRS extends deadline for disclosing hidden offshore accounts
September 18, 2009
IRS issues guidance on modifications to commercial mortgage loans
September 16, 2009 - Special Edition
Baucus introduces health care reform proposal; includes excise tax on ‘Cadillac’ plans
September 11, 2009
Baucus moving forward with Finance Committee health care markup – with or without GOP support
September 8, 2009 - Special Edition
Baucus circulates health care reform proposal
September 4, 2009
Congress faces extensive to-do list as legislative session enters home stretch
August 28, 2009
Check-the-box regs don’t trump state law in gift tax valuation for transfer of interests in LLC
August 21, 2009
New guidance addresses election to defer COD income recognition
August 7, 2009 - Special Edition
IRS provides additional administrative relief for FBAR filing requirements
August 7, 2009
As Senate adjourns for August, Finance Committee health bill details remain elusive
July 31, 2009
Health care on hold till September in House, Senate Finance Committee
July 24, 2009
Senate delays health care vote as Finance continues closed-door negotiations
July 17, 2009
House taxwriters approve health care revenue package; income tax surcharge remains intact
July 14, 2009 - Special Edition
House targets high-income individuals to pay for health care reform
July 10, 2009
Health care legislation hits financing snags in House, Senate
June 26, 2009
Senate taxwriters moving forward on health care, Baucus says
June 19, 2009
Finance Committee delays health care mark-up as House committees release draft proposal
June 12, 2009
Baucus eyes June 23 health care mark-up