Democrats Favorable to Including Bi-Partisan Extenders Bill in Next Tax Bill

Some rough politics are on the horizon as Congress tries to divert the U.S. economy’s path away from the 2013 fiscal cliff.  A small but not unimportant element in this effort is the passage of a tax extenders bill covering WOTC, empowerment zones and renewal communities, the research and development credit, and others similar tax incentives. (more…)

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Tax Extenders NOT Included in Continuing Resolution

Congress passed the Continuing Resolution yesterday, providing funds to keep the government going through December 3rd.  While many hoped the legislation would include Senator Baucus’ Tax Extenders Bill, those hopes were dashed.  That, however, was not a surprise. (more…)

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Work Opportunity Tax Credit for Hurricane Katrina Employees

Recently, I’ve received inquiries about Congressional efforts to extend the expired Hurricane Katrina provision of the Work Opportunity Tax Credit Program.   Here’s the latest as I understand it.
The Hurricane Katrina WOTC provision has NOT yet been extended. But it is part of the currently idle Baucus Job Creation and Tax Cuts Act — also known as the Baucus Tax Extenders bill. (more…)

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