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Democrats’ bill would close S Corp employment tax “loophole.”

{ on Thursday, April 26, 2012 in Blog, Tax Planning & Consulting } S Corp employment tax Loophole Late on April 24, Senate Majority Leader Harry Reid (D-NV) introduced S. 2343, the “Stop the Student Loan Interest Rate Hike Act of 2012.” Democrats said they would introduce a parallel measure in the House of Representatives. Reid’s Stop the Student Loan Interest Rate Hike Act, S. 2343, is the latest proposal from {…}

IRS software glitch delays some tax refunds

{ on Wednesday, March 7, 2012 in Blog, Tax Planning & Consulting } Click here for Original Article  By Patrick Temple-West WASHINGTON | Fri Mar 2, 2012 7:41pm EST (Reuters) – The U.S. Internal Revenue Service’s new software system for handling electronic tax returns has experienced problems during the tax filing season, angering some taxpayers whose refunds have been delayed. In an issue that could draw congressional scrutiny, the IRS said {…}