ONE YEAR TAX EXTENDERS PACKAGE PASSED IN THE SENATE

Sean Urbany, CPA

Just in time for year-end tax planning, the Senate passed the tax extenders bill by vote of 76 to 16 on Tuesday, December 16. As discussed in our previous post, this bill includes many previously expired tax provisions that will be extended through December 31, 2014. The bill will be sent to the President for his signature and is expected to be signed into law quickly.

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