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Tax News & Views - May 25, 2012

Vol. 13, No. 19

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Tax News & Views Author
Tax Policy Group, Deloitte Tax LLP

Senate snuffs S corp payroll tax offset for student loan interest-rate relief...again – For the second time this month, the Senate rejected legislation that would pay for an extension of the current-law reduced interest rate on federal direct student loans by subjecting certain S corporation income to employment taxation.

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