House Passes Series of Tax Bills

The House, during the week ended April 17, 2015,  passed a series of tax bills:

  • H.R. 622, passed on April 16, would permanently extend the state and local sales tax deduction.
  • H.R. 709, passed on April 15, would permit firing of an IRS employee for any official action undertaken for personal gain or political purposes.
  • H.R. 1026, passed on April 15, would permit the IRS to disclose internal investigations of alleged illegal conduct by IRS employees with respect to tax returns.
  • H.R. 1058, passed on April 15, would statutorily enact a taxpayer bill of rights.
  • H.R. 1104, passed on April 15, would allow tax deductions for gifts to Code Sec. 501(c)(4), 501(c)(5) and 501(c)(6) organizations.
  • H.R. 1105, passed on April 16, would repeal the estate tax.
  • H.R. 1152, passed on April 15, would prohibit IRS employees from using personal email accounts for official business.
  • H.R. 1295, passed on April 15, would revise the procedures used to determine Code Sec. 501(c)(4) exempt status.
  • H.R. 1314, passed on April 15, would allow applicants for tax-exempt status to appeal an IRS rejection of their application.

The Senate is unlikely to take up these bills as stand-alone measures.  Following its customary procedures, the Senate is more likely to consider these measures as part of a larger tax bill later in the year.  The Administration has also issued veto threats against certain of the measures.


Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

All stories by: Wolters Kluwer Tax and Accounting