3/22/16 CRS Report – Real Estate Investment Trusts (REITs) and the Foreign Investment in Real Property Tax Act (FIRPTA): Overview and Recent Tax Revisions
The Consolidated Appropriations Act of 2016 (P.L. 114-13) made several changes to the tax treatment of Real Estate Investment Trusts (REITs) and the Foreign Investment in Real Property Tax Act (FIRPTA, enacted in the Omnibus Reconciliation Act of 1980, P.L. 96-499) as it relates to REITs.
Per the Speaker’s announcement on the formation of the Tax Reform Task Force, I wanted to draw your attention to seven individual bills I have introduced.
Since 1997, education tax benefits have become an increasingly important component of federal higher education policy. Fourteen tax benefits are currently available for college students and their parents to help pay for higher education. The
We invite you to cosponsor the Information Reporting Simplification Act of 2015, a bill which provides a safe harbor for de minimis errors made on information returns and payee statements (e.g. Forms W-2 and 1099).
Please join us as a cosponsor of a bill to provide a tax deduction to hard working volunteer firefighters and emergency responders serving in your communities.
It has been almost two decades since the Child Tax Credit was introduced and over 12 years since the Child Tax Credit was last expanded.
A recently published article in Forbes magazine entitled “Grandparents Raising Grandkids: Money Squeeze” highlights the economic plight facing grandparents who are raising their children’s children. This is the very reason is why I introduced H.R. 3475, the Grandparents Tax Credit Act of 2015
From: The Honorable Ruben Hinojosa Sent By: firstname.lastname@example.org Bill: H.R. 1377 Date: 8/27/2015 Help Our Children Start Saving Today for a Brighter Future Tomorrow Co-sponsor a Bi-partisan, budget-neutral way to expand savings opportunities for our children Dear Colleague: As more Americans nearing retirement age face the prospect of deep financial insecurity in their later […]
As you may know, outgoing Senate Majority Leader Harry Reid has said he will do “whatever it takes” to jam through a prominent internet sales tax bill over the next few weeks. Speaker Boehner, in sharp contrast, has voiced concerns with this proposal and indicated that the issue should undergo additional scrutiny in the next Congress.
In GAO’s opinion, the Internal Revenue Service’s (IRS) fiscal years 2014 and 2013 financial statements are fairly presented in all material respects. However, in GAO’s opinion, IRS did not maintain effective internal control over financial reporting as of September 30, 2014, because of a continuing material weakness in internal control over unpaid tax assessments. GAO’s […]