Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13. Taxpayers: How are IRS budget cuts affecting you? You can find out on Wednesday from IRS Commissioner John Koskinen at a TPC event at the Brookings Institution .
Corporate tax reform: It wouldn’t affect all businesses. A cut in the corporate tax rate won’t benefit millions of unincorporated businesses, and those firms don’t think that’s fair. These include pass-throughs such as partnerships or S corporations that can range from small businesses like
Congress has adjourned. The Daily Deduction will post on Mondays until the 114th Congress convenes. Expired tax breaks: Renewed for 2014. Last night the Senate passed a $42 billion package of expired tax breaks by a vote of 76-16 . In two weeks' time, the tax breaks will expire. Again. Senate