Tax news April 2011

Tax

Senate prepares to vote on 1099 repeal

The U.S. Senate may use a procedural maneuver this week to repeal the health-care law’s provision that would have required businesses to file a 1099 tax form for purchases over $600.
Tax

IRS announces another new filing deadline

The IRS has announced a new filing deadline for Form 8939, Basis for Property Acquired from a Decedent. Formerly due April 18, the new filing date has not been announced.

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