Take Action and Support Net Operating Loss for Companies of All Sizes
|
|
- Brittney Wiggins
- 8 years ago
- Views:
Transcription
1 Take Action and Support Net Operating Loss for Companies of All Sizes Tax relief for companies of all sizes is critically needed for many businesses to survive the economic downturn. Net Operating Loss (NOL) relief can help companies in a broad crosssection of industries weather the current economic conditions. The tight credit market has significantly reduced traditional business lending. NOL tax credits can provide a much needed alternative source of capital. NOL relief will assist viable companies in the preservation of their businesses by allowing them to meet payroll, retain their work force, help avoid additional layoffs, and stabilize the business environment. Unfortunately, the arbitrary $15 million threshold of NOL relief excludes medium and largesized business. Contact your member of Congress Today! 5 Simple Actions That You Can Do: 1. Send a letter to your member of Congress You can modify a sample letter (below) and deliver it to your member of Congress via standard mail 2. a letter to your member of Congress You can modify a sample letter (below) and deliver it to your member of Congress via standard mail 3. Call your legislators office Use the talking points and fact sheet to help you when you talk with your legislators office 4. Schedule a meeting with your legislator A personal visit with your representative is the best way to deliver your viewpoint, even if that visit is with a staff person. You can arrange a visit either in the district office or in Washington. 5. Invite your legislator for a tour of your facility A tour of your facility is an excellent opportunity for you to build a strong relationship with your representative. Your representative and their staffers will appreciate the good product you make and the good work you do. They ll be much more likely to keep you in mind in the future and to understand how pending legislation or regulations might affect you. The legislator will also like a plant tour because it puts them in touch with more voters. IPC will gladly help you set up a plant tour.
2 NET OPERATING LOSS NEEDED FOR COMPANIES OF ALL SIZES downturn. Net Operating Loss (NOL) is a special tax relief that allows businesses to offset one year's losses against another year's income. The NOL relief for a company can be used to recover past tax payments or reduce future tax payments. The American Recovery and Reinvestment Act of 2009 (ARRA) provided NOL relief for businesses with gross annual receipts of $15 million or less. Unfortunately, the arbitrary $15 million threshold of NOL relief excludes medium and large-sized business. Background NOL relief aids in stabilizing businesses at a time when many businesses are struggling. The NOL refunds, also known as carrybacks, will provide cash needed now for companies to fund operations, make needed investments, and in some cases, stay open for business. A NOL generally occurs when a company has incurred more expenses than revenues during a taxable period. A NOL is the amount by which deductions exceed gross taxable income, resulting in a negative taxable income. Eligible companies can receive tax refunds by applying NOLs to taxes during the previous five years. Companies also have the option of carrying the loss forward twenty years to future income tax payments thereby reducing payments they will need to make in future periods. Why is Net Operating Loss Relief Important? NOL relief can help companies in a broad cross-section of industries weather the current economic conditions. The tight credit market has significantly reduced traditional business lending. NOL tax credits can provide a much needed alternative source of capital. NOL relief will assist viable companies in the Because Net Operating Losses for 2009 are projected to be greater than 2008, NOL relief should be expanded to encompass 2009 and beyond. Allowing businesses to recover current losses now will have a positive effect on our economy. Support Net Operating Loss Relief Legislation IPC supports NOL relief for companies of all sizes. IPC also supports the extension of NOL relief for 2009 and beyond. Congress should enact S. 823 or H.R. 2452, The Net Operating Loss Carryback Act, that would expand current law to include small, medium and large sized companies. For more information please contact Ron Chamrin, IPC manager of government relations at RonChamrin@ipc.org or
3 TALKING POINTS: NET OPERATING LOSS RELIEF FOR COMPANIES OF ALL SIZES INTRODUCTION Introduce yourself and your company TALK ABOUT YOUR ISSUE NOL is a special tax relief that allows my company to offset one year's losses against another year's taxable income NOL relief for my company can be used to recover past tax payments or reduce future tax payments Because the tight credit market has significantly reduced traditional business lending, NOL tax credits can provide a much needed alternative source of capital The immediate cash refund from NOL relief will allow companies to retain jobs and continue operations The NOL refunds, also known as carrybacks, will provide cash needed now to fund operations, make needed investments, and in some cases, stay open for business NOL relief is needed not just for small businesses, but also medium and large sized companies DON T FORGET TO TELL YOUR CONGRESSMAN WHAT THEY CAN DO TO HELP Support Senate Bill 823 and House Bill 2452, The Net Operating Loss Carryback Act Expand current law to include small, medium and large companies Extend the law to 2009
4 Month, Day, Year Honorable YOUR SENATOR Address Line United States Senate Washington, DC Dear Senator MEMBER OF CONGRESS: On behalf of YOUR COMPANY, located YOUR CITY/TOWN, STATE I am writing to express support and urge the passage of the S. 823, a bill that would amend the Internal Revenue Code of 1986 to extend Net Operating Loss (NOL) Tax relief through 2009 and to expand current law to include small, medium and large sized companies. NOL relief aids in stabilizing businesses at a time when many businesses are struggling. The NOL refunds, also known as carrybacks, will provide cash needed now for companies to fund operations, make needed investments, and in some cases, stay open for business. downturn. NOL is a special tax relief that allows businesses to offset one year's losses against another year's income. The NOL relief for a company can be used to recover past tax payments or reduce future tax payments. The American Recovery and Reinvestment Act of 2009 (ARRA) provided NOL relief for businesses with gross annual receipts of $15 million or less. Unfortunately, the arbitrary $15 million threshold of NOL relief excludes medium and large-sized business. It is important extend NOL relief to companies of all sizes. To weather the current economic conditions. The tight credit market has significantly reduced traditional business lending. NOL tax credits can provide a much needed alternative source of capital. NOL relief will assist viable companies in the MY COMPANY manufactures YOUR PRODUCT which are the foundation of LIST WHAT YOUR PRODUCTS GO INTO SUCH AS America s high tech products including Defense, Telecommunication equipment, and Homeland Security devices. Because Net Operating Losses for 2009 are projected to be greater than 2008, NOL relief should be expanded to encompass 2009 and beyond. Allowing businesses to recover current losses now will have a positive effect on our economy. Accordingly, enactment of S. 823 would allow businesses to recover current losses now and will have a positive effect on our economy. We thank you for supporting this much needed legislation. I look forward to working with you and your colleagues on this and future legislation to assist the electronic and interconnect industries and to secure our Nation s economic future and job growth. Sincerely, YOUR NAME TITLE
5 Month, Day, Year Honorable YOUR REPRESENATITIVE ADDRESS LINE United States House of Representatives Washington, DC Dear Honorable MEMBER OF CONGRESS: On behalf of YOUR COMPANY, located YOUR CITY/TOWN, STATE I am writing to express support and urge the passage of the H.R 2452, a bill that would amend the Internal Revenue Code of 1986 to extend Net Operating Loss (NOL) Tax relief through 2009 and to expand current law to include small, medium and large sized companies. NOL relief aids in stabilizing businesses at a time when many businesses are struggling. The NOL refunds, also known as carrybacks, will provide cash needed now for companies to fund operations, make needed investments, and in some cases, stay open for business. downturn. NOL is a special tax relief that allows businesses to offset one year's losses against another year's income. The NOL relief for a company can be used to recover past tax payments or reduce future tax payments. The American Recovery and Reinvestment Act of 2009 (ARRA) provided NOL relief for businesses with gross annual receipts of $15 million or less. Unfortunately, the arbitrary $15 million threshold of NOL relief excludes medium and large-sized business. It is important extend NOL relief to companies of all sizes. To weather the current economic conditions. The tight credit market has significantly reduced traditional business lending. NOL tax credits can provide a much needed alternative source of capital. NOL relief will assist viable companies in the MY COMPANY manufactures YOUR PRODUCT which are the foundation of LIST WHAT YOUR PRODUCTS GO INTO SUCH AS America s high tech products including Defense, Telecommunication equipment, and Homeland Security devices. Because Net Operating Losses for 2009 are projected to be greater than 2008, NOL relief should be expanded to encompass 2009 and beyond. Accordingly, enactment of H.R 2452 would allow businesses to recover current losses now and will have a positive effect on our economy. We thank you for supporting this much needed legislation. I look forward to working with you and your colleagues on this and future legislation to assist the electronic and interconnect industries and to secure our Nation s economic future and job growth. Sincerely, YOUR NAME TITLE
26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, 172, 6411)
Part III Administrative, Procedural, and Miscellaneous 26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, 172, 6411)
More informationBy Ms. SNOWE (for herself, Ms. LANDRIEU and Mr. BROWN of Massachusetts):
Small Business Tax Extenders Bill Introduced 1.31.2012 By Ms. SNOWE (for herself, Ms. LANDRIEU and Mr. BROWN of Massachusetts): S. 2050. A bill to amend the Internal Revenue Code of 1986 to extend certain
More informationHIRE Act Pending Tax Matters OtherActsof Congress 2010 Small Business Jobs Act of 2010 Uncertain Tax Positions
HIRE Act 2010 Legislative Update Pending Tax Matters OtherActsof Congress 2010 Small Business Jobs Act of 2010 Uncertain Tax Positions HIRE ACT Signed into law by President Obama on March 18, 2010 Two
More informationChapter 16 Accounting for Income Taxes
OTHER ACCOUNTING ISSUES Rate Considerations In the recent past there have been relatively stable tax rates, but historically the congress has adjusted tax rates on a periodic basis. The calculations of
More informationJanuary 17, 2014. The Honorable Max Baucus, Chairman Senate Committee on Finance 219 Dirksen Senate Office Building Washington, D.C.
January 17, 2014 175 W Jackson Boulevard, 20th Floor Chicago, IL 60604-2687 T 312.856.0200 F 312.565.4719 www.grantthornton.com The Honorable Max Baucus, Chairman Senate Committee on Finance 219 Dirksen
More informationThe Honorable Orrin G. Hatch, Chairman The Honorable Paul Ryan, Chairman
The Honorable Orrin G. Hatch, Chairman, Chairman Senate Committee on Finance House Committee on Ways and Means 219 Dirksen Senate Office Building 1102 Longworth House Office Building Washington, DC 20510
More informationDOPTION ADVOCATE. Adoption Tax Credit Advocacy Kit TOPIC. What is the adoption tax credit? History of the adoption tax credit
A PUBLICATION OF NATIONAL COUNCIL FOR ADOPTION DOPTION ADVOCATE February 2012, revised May 2012 SPECIAL EDITION NO. 1 Adoption Tax Credit Advocacy Kit What is the adoption tax credit? The adoption tax
More informationSMALL BUSINESS LENDING BILL PROVISIONS September 20, 2010
SMALL BUSINESS LENDING BILL PROVISIONS September 20, 2010 Below is a summary of provisions of the Small Business Lending bill that was debated and passed in the Senate during the week of September 13,
More informationJune 4, 2014. Honorable Elizabeth Warren United States Senate Washington, DC 20510. Dear Senator:
CONGRESSIONAL BUDGET OFFICE U.S. Congress Washington, DC 20515 Douglas W. Elmendorf, Director June 4, 2014 Honorable Elizabeth Warren United States Senate Washington, DC 20510 Dear Senator: As you requested,
More informationTo amend the Internal Revenue Code of 1986 to allow employers
I TH CONGRESS 1ST SESSION H. R. To amend the Internal Revenue Code of 1 to allow employers a credit against income tax for information technology training expenses paid or incurred by the employer, and
More informationa) State and Local Taxes Bankruptcy Code 346, 728 and 1146.
a) State and Local Taxes Bankruptcy Code 346, 728 and 1146. Because the United States Constitution provides that all tax legislation must originate in the House of Representatives, the Bankruptcy Code,
More informationTax Relief in the American Recovery and Reinvestment Act of 2009
Legislation and Policy Brief Volume 1 Issue 2 Spring 2009 - An Economy in Crisis: What Can Be Done? Article 2 9-24-2010 Tax Relief in the American Recovery and Reinvestment Act of 2009 Steven Gassert sg2702a@student.american.edu
More informationCHAPTER 19. Accounting for Income Taxes 6, 7, 13 2, 3, 4, 5, 6, 7, 9 14, 16, 17, 18,
CHAPTER 19 Accounting for Income Taxes ASSIGNMENT CLASSIFICATION TABLE Topics 1. Reconcile pretax financial income with taxable income. 2. Identify temporary and permanent differences. 3. Determine deferred
More informationHow To Get A Small Business Tax Credit
2010 FOCUS ON BUSINESS December 1, 2010 FEDERAL TAX UPDATE 2010 SMALL BUSINESS JOBS ACT & MISCELLANEOUS TAX PROVISIONS PRESENTED BY: DAVID P. VENISKEY, CPA TAX PARTNER EFP ROTENBERG, LLP TAX RATES Income
More informationIndependent Community Bankers of America (ICBA) Helping Community Banks Increase Small Business Lending
Memorandum ------------------------------------------------------------------------------------------------------------ TO: Gene Sperling Counselor to the Secretary of Treasury FROM: Independent Community
More informationJune 6, 2014. Honorable Elizabeth Warren United States Senate Washington, DC 20510. Dear Senator:
CONGRESSIONAL BUDGET OFFICE U.S. Congress Washington, DC 20515 Douglas W. Elmendorf, Director June 6, 2014 Honorable Elizabeth Warren United States Senate Washington, DC 20510 Dear Senator: As you requested,
More informationTransmitted via Electronic Mail (business@finance.senate.gov) and (individual@finance.senate.gov )
April 15, 2015 The Honorable Orrin G. Hatch Chairman Committee on Finance United States Senate 219 Dirksen Senate Office Building Washington, D.C. 20510 The Honorable Ron Wyden Ranking Member Committee
More informationOn behalf of our team at GJC, Happy Holidays and Cheers to a New Start in the New Year! Dear Clients and Friends,
Return to GJC Homepage Dear Clients and Friends, Perhaps the one issue on which there is agreement in Washington is the need for comprehensive tax reform. However, getting started on this task is put off
More informationSmall Business Tax Saving Strategies for the 2012 Filing Season
Small Business Tax Saving Strategies for the 2012 Filing Season Few business sectors embody today s entrepreneurial spirit, drive for innovation and unwavering perseverance more than the small business
More informationWikiLeaks Document Release
WikiLeaks Document Release February 2, 2009 Congressional Research Service Report RL34660 Federal Government Debt Collection: An Overview of the Treasury Offset and Federal Payment Levy Programs Gary Guenther,
More informationREPORT " HOUSE OF REPRESENTATIVES! 2d Session 104 775 STUDENT DEBT REDUCTION ACT OF 1996
104TH CONGRESS REPORT " HOUSE OF REPRESENTATIVES! 2d Session 104 775 STUDENT DEBT REDUCTION ACT OF 1996 SEPTEMBER 5, 1996. Committed to the Committee of the Whole House on the State of the Union and ordered
More informationNew York COBRA Continuation Coverage Q&A
New York COBRA Continuation Coverage Q&A IMPORTANT NOTE: All statements contained in this Q&A document are for informational purposes only and should not be viewed as either legal or income tax advice.
More informationFREQUENTLY ASKED QUESTIONS ABOUT THE CONTINUATION COVERAGE REQUIREMENTS IN THE AMERICAN RECOVERY AND REINVESTMENT ACT February 2009
FREQUENTLY ASKED QUESTIONS ABOUT THE CONTINUATION COVERAGE REQUIREMENTS IN THE AMERICAN RECOVERY AND REINVESTMENT ACT February 2009 Introduction On February 17, 2009, President Obama signed into law the
More informationH. R. 529 AN ACT. To amend the Internal Revenue Code of 1986 to improve 529 plans.
1TH CONGRESS 1ST SESSION H. R. 9 AN ACT To amend the Internal Revenue Code of 198 to improve 9 plans. 1 Be it enacted by the Senate and House of Representa- tives of the United States of America in Congress
More informationCHAPTER 19. Accounting for Income Taxes 6, 7, 13 2, 3, 4, 5, 6, 7, 9
CHAPTER 19 Accounting for Income Taxes ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Reconcile pretax financial income with taxable income. 2. Identify temporary and permanent differences. 3. Determine
More informationAccounting for Taxes on Income
Sri Lanka Accounting Standard SLAS 14 Accounting for Taxes on Income 199 Contents Sri Lanka Accounting Standard SLAS 14 Accounting for Taxes on Income Scope Paragraphs 1-2 Definitions 3 Differences Between
More informationJuly 23, 2013. The Honorable Debbie Stabenow United States Senate Washington, DC 20510. Dear Senator Stabenow,
July 23, 2013 The Honorable Debbie Stabenow United States Senate Washington, DC 20510 Dear Senator Stabenow, The Motor & Equipment Manufacturers Association (MEMA) represents more than 1,000 companies
More informationRe: Higher Education Provisions in the Tax Reform Act of 2014 Discussion Draft
The Honorable Dave Camp Chairman Ways and Means Committee United States House of Representatives 1106 Longworth House Office Building Washington, DC 20515 Re: Higher Education Provisions in the Tax Reform
More informationIncreasing Access to Capital for Small Businesses
Testimony of R. Michael S. Menzies, Sr. President and CEO, Easton Bank and Trust Company Easton, Maryland On behalf of the Independent Community Bankers of America Before the United States House of Representatives
More informationStatement for the Record Submitted Jointly by
Statement for the Record Submitted Jointly by Air Conditioning Contractors of America (ACCA) Heating, Air-conditioning & Refrigeration Distributors International (HARDI) Plumbing-Heating-Cooling Contractors
More informationHighlights of the 2010 Tax Relief Act
On December 7, 200, President Barack Obama signed into law H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 200 (the 200 Tax Relief Act). This massive bill affects
More informationTo: Debt, Equity, and Capital Tax Reform Working Group From: Small Business Investor Alliance Date: April 12, 2013
To: Debt, Equity, and Capital Tax Reform Working Group From: Small Business Investor Alliance Date: April 12, 2013 On behalf of the Small Business Investor Alliance 1 (SBIA), we commend the committee on
More informationInstructions for Form 1139 (Rev. November 2014)
Instructions for Form 1139 (Rev. November 2014) Corporation Application for Tentative Refund Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless
More informationInstructions for Form 1139 (Rev. December 2012)
Instructions for Form 1139 (Rev. December 2012) Corporation Application for Tentative Refund Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless
More informationPersonal Income Tax Bulletin 2008-1. IRAs
PENNSYLVANIA DEPARTMENT OF REVENUE ISSUED: JANUARY 16, 2008 Section 1. Introduction. 1. FEDERAL TAX PERSPECTIVE. Personal Income Tax Bulletin 2008-1 IRAs When Congress enacted ERISA in 1974 to regulate
More information2011 Tax Expenditure Report
STATE OF NEW HAMPSHIRE Prepared By The Department of Revenue Administration January 31, 2012 In accordance with RSA 77-A:5-a For The New Hampshire General Court - and - His Excellency, Governor John Lynch
More informationDebt Modifications: Tax Planning Options Including New 10-Year Potential Deferral Ann Galligan Kelley, Providence College, USA
Debt Modifications: Tax Planning Options Including New 10-Year Potential Deferral Ann Galligan Kelley, Providence College, USA ABSTRACT With the recent decline in the real estate market, many taxpayers,
More informationTECHNICAL EXPLANATION OF THE TAX PROVISIONS IN SENATE AMENDMENT 4594 TO H.R
TECHNICAL EXPLANATION OF THE TAX PROVISIONS IN SENATE AMENDMENT 4594 TO H.R. 5297, THE SMALL BUSINESS JOBS ACT OF 2010, SCHEDULED FOR CONSIDERATION BY THE SENATE ON SEPTEMBER 16, 2010 Prepared by the Staff
More informationJune 10, 2013 ALL COUNTY LETTER NO. 13-46
REASON FOR THIS TRANSMITTAL June 10, 2013 ALL COUNTY LETTER NO. 13-46 [ ] State Law Change [x] Federal Law or Regulation Change [ ] Court Order [ ] Clarification Requested by One or More Counties [ ] Initiated
More informationARRA COBRA PREMIUM REDUCTION PROVISION SUMMARY AND FREQUENTLY ASKED QUESTIONS
**UPDATE** On December 19, 2009, Congress amended the ARRA by extending the COBRA premium reduction eligibility period from December 31, 2009, until February 28, 2010, and increased the maximum period
More informationComments to the House Ways and Means Committee Tax Reform Working Group on Education and Family Benefits
Office of the President Introduction Comments to the House Ways and Means Committee Tax Reform Working Group on Education and Family Benefits On behalf of the higher education associations listed below,
More informationClient Letter: Individual Tax Provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
Source: Tax Legislation > 111th Congress (2009-2010) > Enacted > Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312) > Practice Tools > Client Letter: Individual
More informationTESTIMONY OF BRETT MARTINEZ PRESIDENT AND CHIEF EXECUTIVE OFFICER REDWOOD CREDIT UNION ON BEHALF OF THE CREDIT UNION NATIONAL ASSOCIATION
TESTIMONY OF BRETT MARTINEZ PRESIDENT AND CHIEF EXECUTIVE OFFICER REDWOOD CREDIT UNION ON BEHALF OF THE CREDIT UNION NATIONAL ASSOCIATION BEFORE THE SUBCOMMITTEE ON INVESTIGATIONS, OVERSIGHT AND REGULATIONS
More informationLIFE INSURANCE ASSOCIATION OF MASSACHUSETTS
LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS 20 Park Plaza Suite 630 Boston, Massachusetts 02116 Phone: (617) 375-9200 Fax: (617) 375-1029 www.liam.org November 21,2014 Congresswoman Katherine Clark United
More informationRecent Extension and Modification of the Research Credit Provides New Opportunities for Financial Institutions
Recent Extension and Modification of the Research Credit Provides New Opportunities for Financial Institutions With the two-year extension, AIRC enhancement, and a new simplified method, the research credit
More informationHigher Education Tax Benefits: Brief Overview and Budgetary Effects
Higher Education Tax Benefits: Brief Overview and Budgetary Effects Margot L. Crandall-Hollick Analyst in Public Finance Mark P. Keightley Analyst in Public Finance August 24, 2011 CRS Report for Congress
More informationSTATEMENT OF RHONE RESCH, PRESIDENT & CEO SOLAR ENERGY INDUSTRIES ASSOCIATION
STATEMENT OF RHONE RESCH, PRESIDENT & CEO SOLAR ENERGY INDUSTRIES ASSOCIATION SUBMITTED TO THE HOUSE COMMITTEE ON WAYS AND MEANS SUBCOMMITTEE ON SELECT REVENUE MEASURES AND SUBCOMMITTEE ON OVERSIGHT JOINT
More information1500 Pennsylvania Avenue, N.W. 1650 Pennsylvania Avenue, N.W. Washington, D.C. 20220 Washington, D.C. 20503
Secretary Timothy Geithner Acting Director Jeffrey Zients Department of the Treasury Office of Management and Budget 1500 Pennsylvania Avenue, N.W. 1650 Pennsylvania Avenue, N.W. Washington, D.C. 20220
More informationTax Relief in Disaster Situations
Tax Relief in Disaster Situations Danny Smith - IRS Disaster Assistance/Emergency Relief Program December 5, 2013 Special Relief Provisions This presentation provides information on tax relief that is
More informationAccounting for Income Taxes
Accounting for Income Taxes Objectives: Understand the differences between tax accounting and financial accounting Timing: temporary differences Scope: permanent differences Understand the effects of events
More informationDate: February 16, 2001
,QWHUQDO5HYHQXH6HUYLFH Number: 200121031 Release Date: 5/25/2001 Index No.: 104.03-00 Department of the Treasury Washington, DC 20224 Person to Contact: Telephone Number: Refer Reply To: CC:ITA:1 PLR-122136-00
More informationSmall Business Jobs Act - Revenue Management and Tax Advantages
Provisions to Promote Access to Capital Summary of the Small Business Jobs Act June 29, 2010 100% Exclusion of Small Business Capital Gains. Generally, non-corporate taxpayers may exclude 50 percent of
More informationYour Rights as a Tenant
Your Rights as a Tenant This handbook has been prepared for you by RHODE ISLAND LEGAL SERVICES, INC. 2007 For more information, please call the office nearest you or visit our website at www.rils.org.
More informationCRS Report for Congress
Order Code RL30631 CRS Report for Congress Received through the CRS Web Retirement Benefits for Members of Congress Updated January 21, 2005 Patrick J. Purcell Specialist in Social Legislation Domestic
More informationReduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)
Form 982 (Rev. July 2013) Department of the Treasury Internal Revenue Service Name shown on return Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) OMB No.
More informationTax Relief & Incentives for Start-ups
Tax Relief & Incentives for Start-ups London Tech Week 17 June 2015 Tax Relief & Incentives for Start-ups London Tech Week 17 June 2015 2 www.laytons.com Introduction The UK offers a highly favourable
More informationAN ACT...; relating to: the budget.
2015 2016 LEGISLATURE DOA:...Quinn, BB0318 Jobs credit and economic development credit consolidation FOR 2015 2017 BUDGET NOT READY FOR INTRODUCTION AN ACT...; relating to: the budget. Analysis by the
More information61. Keep your tax rate down to 10% 10
61. Keep your tax rate down to % Most know about the tax rates of 20%, 40% and 45% but relatively few are aware of a % tax rate that still exists for savings income and dividends of up to 31,860. How can
More informationTAX SAVINGS IN THE STIMULUS BILL
By Jason Tang and Michael Burzynski, CPA The American Recovery and Reinvestment Act of 2009 was signed into law on February 17, 2009 in an effort to stimulate economic development. This bill is one of
More informationEMPLOYEE STOCK PURCHASE PROGRAM Offered by Computershare Trust Company, N.A.
EMPLOYEE STOCK PURCHASE PROGRAM Offered by Computershare Trust Company, N.A. Effective date: 6/1/99 Updated: 5/12/09 Employee questions: Submit a question or request to HR Connections To enroll: estream>quick
More informationTax time and preserving
Tax time and preserving your federal rights Contact GLAD s Legal InfoLine for the most accurate, up-to-date information: www.glad.org/rights 800-455-GLAD Gay & Lesbian Advocates & Defenders This document
More informationVETERANS' EDUCATION BENEFITS
GAO United States General Accounting Office Report to the Ranking Minority Member, Committee on Veterans Affairs, U.S. Senate February 2002 VETERANS' EDUCATION BENEFITS Comparison of Federal Assistance
More informationLegislative Fiscal Bureau
Legislative Fiscal Bureau One East Main, Suite 301 Madison, WI 53703 (608) 266-3847 Fax: (608) 267-6873 Email: fiscal.bureau@legis.wisconsin.gov Website: http://legis.wisconsin.gov/lfb February 27, 2014
More informationTHE IRA CHARITABLE ROLLOVER
THE IRA CHARITABLE ROLLOVER The IRA Charitable Rollover was first added to the Internal Revenue Code of 1986, as amended, under legislation enacted in 2006. It permitted individuals to roll over up to
More informationHow To Pass The Economic Recovery Package
PATTY MURRAY S WASHINGTON VIEW U.S. Senator Patty Murray s Weekly Report to the People of Washington February 20, 2009 Economic Recovery Bill Includes Billions to Help Get our State Working Again On Friday,
More informationEMPLOYEE BENEFITS BULLETIN
EMPLOYEE BENEFITS BULLETIN January 20, 2010 Revised COBRA Model Notices Issued Reflecting Subsidy Extension The Department of Labor (DOL) issued updated model notices to reflect the COBRA subsidy extension
More informationJames D. MacPhee. Independent Community Bankers of America
Testimony of James D. MacPhee Chief Executive Office, Kalamazoo County State Bank Schoolcraft, Michigan On behalf of the Independent Community Bankers of America Before the Congress of the United States
More informationHow to Avoid Public Foreclosure
P R O G R A M H R 3 6 4 8 PROGRAM HR3648 America s Free, Non-Governmental Foreclosure Option How to Avoid Public Foreclosure A Homeowner Guide to Eliminate Mortgage Debt and Rescue Your Credit Rating Through
More informationbusiness owner issues and depreciation deductions
business owner issues and depreciation deductions Individuals who are owners of a business, whether as sole proprietors or through a partnership, limited liability company or S corporation, have specific
More informationBACKGROUND ON THE SMALL BUSINESS BILL SIGNING TODAY
BACKGROUND ON THE SMALL BUSINESS BILL SIGNING TODAY Today, President Obama will sign the Small Business Jobs Act, a bill that will give our nation s small businesses support and incentives to help them
More informationPresident Proposal Calls For Small Government Pay Freeze - Lawful Deductions?
FEDERAL-POSTAL COALITION October 20, 2011 The Honorable Patty Murray Co- Chair Joint Select Committee on Deficit Reduction 448 Russell Senate Office Building Washington, D.C. 20510 The Honorable Jeb Hensarling
More informationDepartment of Education - Proposed Rule Change to Effect on Student Data and Information
May 17, 2011 Ms. Regina Miles U.S. Department of Education 400 Maryland Avenue, SW Washington, DC 20202 Re: Public Comments on the Proposed Rule Change to regulations implementing FERPA, as requested in
More informationPwC s Law Firm Services. Congressional Proposals Requiring Law Firms to Report Taxable Income on the Accrual Method of Accounting
PwC s Law Firm Services Congressional Proposals Requiring Law Firms to Report Taxable Income on the Accrual Method of Accounting December, 2013 Executive summary Proposals in Congress could fundamentally
More informationThe International Public Management Association for Human Resources (IPMA HR) is a nonprofit
September 3, 2015 Ms. Mary Ziegler Director of the Division of Regulations, Legislation and Interpretation Wage and Hour Division U.S. Department of Labor 200 Constitution Avenue, N.W. Room S 3502 Washington,
More informationStatement of Robert Furr President The National Association of Bankruptcy Trustees September 16, 2008
Statement of Robert Furr President The National Association of Bankruptcy Trustees September 16, 2008 Madam Chair Sanchez, Ranking Member Cannon, and other distinguished Members of the Subcommittee, let
More informationThis notice describes the federal income tax consequences of rolling over
Part III Administrative, Procedural and Miscellaneous Rollovers from Employer Plans to Roth IRAs Notice 2009-75 I. PURPOSE This notice describes the federal income tax consequences of rolling over an eligible
More informationAmerican Academy of Pediatrics
American Academy of Pediatrics TESTIMONY OF SUSAN KRESSLY, MD, FAAP PRACTICING PEDIATRICIAN AMERICAN ACADEMY OF PEDIATRICS before the COMMITTEE ON SMALL BUSINESS SUBCOMMITTEE ON REGULATIONS AND HEALTHCARE
More informationInternal Revenue Service Number: 200422052 Release Date: 5/28/04 Index Number: 0561.05-00, 0562.03-02, 0851.00-00, 0852.01-00
Internal Revenue Service Number: 200422052 Release Date: 5/28/04 Index Number: 0561.05-00, 0562.03-02, 0851.00-00, 0852.01-00 ------------------------------ ----------------------------- ----------------------
More informationRetirement Benefits for Members of Congress
Katelin P. Isaacs Analyst in Income Security July 31, 2015 Congressional Research Service 7-5700 www.crs.gov RL30631 Summary Prior to 1984, neither federal civil service employees nor Members of Congress
More informationAccounting for Income Taxes
Accounting for Income Taxes Objectives:! Understand the differences between tax accounting and financial accounting P Timing: temporary differences P Scope: permanent differences! Understand the effects
More informationNovogradac Report on Tax Credits Transcript: January 5, 2010
Total Word Count: 2269 (Intro music) Happy New Year! I m Michael Novogradac and it s Tax Credit Tuesday. Today is Tuesday, January 5th, 2010. This week I will discuss a recent federal tax court decision
More informationKEY GUIDE. Setting up a new business
KEY GUIDE Setting up a new business The business idea You have a business idea, but can you turn it into a viable enterprise? Is there a market for the goods you will produce or the services you will supply?
More informationTAX RELIEF INCLUDED IN THE AMERICAN RECOVERY AND REINVESTMENT PLAN
TAX RELIEF INCLUDED IN THE AMERICAN RECOVERY AND REINVESTMENT PLAN JANUARY 22, 2009 Summary: The tax provisions included in The American Recovery and Reinvestment Plan will provide approximately $275 billion
More informationSave Big Bucks On U.S. Savings Bonds At Tax Time
Encouraging Savings: Help Constituents Save at Tax Time Spreading the Word about Buying U.S. Savings Bonds with This Year s Tax Refund Dear Elected Official, Thank you for your interest in the U.S. Savings
More informationDepartment of Legislative Services 2014 Session
Senate Bill 596 Budget and Taxation Department of Legislative Services 2014 Session FISCAL AND POLICY NOTE Revised (Senator Peters, et al.) SB 596 Ways and Means Income Tax Subtraction Modification - Mortgage
More informationApril 15. That s the date most taxpayers think of as their federal tax deadline.
Dear Clients and Friends: April 15. That s the date most taxpayers think of as their federal tax deadline. However, the best date for a taxpayer to focus on is December 31. Why? You always can file an
More informationHousing & Government Sponsored Enterprises. FY 2017 President s Budget
Housing & Government Sponsored Enterprises FY 2017 President s Budget February 9, 2016 Table of Contents Section 1 Purpose... 3 1A Mission Statement... 3 1.1 Program Account Summary... 3 1.2 Financing
More informationWe are responding to the consultation entitled VAT: Mini One Stop Shop Consequential amendments to the VAT Regulations 1995 (SI 1995/2518).
Ref: ITX 1 September 2014 Andy Heywood HMRC, VAT Supply Policy Team, Indirect Tax Directorate, 3rd Floor, 100 Parliament Street, London, SW1A 2BQ. via e-mail: andrew.heywood@hmrc.gsi.gov.uk Dear Mr Heywood
More informationStatement of Colleen M. Kelley National President National Treasury Employees Union H.R. 4735
Statement of Colleen M. Kelley National President National Treasury Employees Union On H.R. 4735 Presented to House Committee on Oversight and Government Reform Subcommittee on Federal Workforce, Postal
More informationCOMPARISON OF REVENUE PROVISIONS IN H.R. 2990 AS PASSED BY THE HOUSE AND THE SENATE
COMPARISON OF REVENUE PROVISIONS IN H.R. 2990 AS PASSED BY THE HOUSE AND THE SENATE Prepared by the Staff of the JOINT COMMITTEE ON TAXATION November 2, 1999 JCX-77-99 CONTENTS INTRODUCTION AND LEGISLATIVE
More informationYOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF GEORGIA ROME DIVISION A federal court authorized this notice. This is not a solicitation from a lawyer. A Settlement will provide $19,560.00
More informationState Small Business Credit Initiative Act of 2010. Small Business Lending Fund Act
State Small Business Credit Initiative Act of 2010 Small Business Lending Fund Act Christian S. Johansson, Secretary Maryland Department of Business & Economic Development Testimony before the House Committee
More informationRICK A. YARNALL Chapter 13 Bankruptcy Trustee for the United States Bankruptcy Court District of Nevada
CHAPTER 13 THE THIRTEEN (13) MOST COMMON QUESTIONS and ANSWERS Prepared for: Your Case Number is: YOUR FIRST PAYMENT IS DUE ON Payments are due on the day of each month thereafter. Your Trustee is: RICK
More informationUnderstanding and Influencing The Legislative Process
Understanding and Influencing The Legislative Process Table of Contents SGNA Legislative Platform... 3 Communicating with your Legislator Telephone Calls... 3 Writing a Letter or E-mail... 3 Social Media...
More informationANALYSIS OF ORIGINAL BILL
Franchise Tax Board ANALYSIS OF ORIGINAL BILL Author: Wyland & Zettel Analyst: Kristina E. North Bill Number: AB 462 See Legislative Related Bills: History Telephone: 845-6978 Introduced Date: February
More informationGroup Retirement Savings Plan for Ryerson University CUPE 3904 PT&S
Group Retirement Savings Plan for Ryerson University CUPE 3904 PT&S Prepared June 2009 Policy/Plan Number 42745 Ryerson Group Retirement Pension Plan Table of Contents An Introduction to your Group Plan,
More informationJuly 2, 2008. Ms. Mary Rupp Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA 22314-3428
1120 Connecticut Avenue, NW Washington, DC 20036 1-800-BANKERS www.aba.com World-Class Solutions, Leadership & Advocacy Since 1875 Keith Leggett Senior Economist Tel: 202-663-5506 Fax: 202-828-4547 Email:
More informationNOTICE OF CLASS ACTION SETTLEMENT
NOTICE OF CLASS ACTION SETTLEMENT United States District Court for the District of North Dakota Southwestern Division A court authorized this notice. This is not a solicitation from a lawyer. A class action
More informationREVISED COBRA MODEL NOTICES ISSUED REFLECTING SUBSIDY EXTENSION
COMPLIANCE ALERT January 15, 2010 REVISED COBRA MODEL NOTICES ISSUED REFLECTING SUBSIDY EXTENSION The Department of Labor (DOL) issued updated model notices to reflect the COBRA subsidy extension included
More informationCOLLIERS INTERNATIONAL USA, LLC And Affiliated Employers 401(K) Plan DISTRIBUTION ELECTION
1. EMPLOYEE INFORMATION (Please print) COLLIERS INTERNATIONAL USA, LLC And Affiliated Employers 401(K) Plan DISTRIBUTION ELECTION Name: Address: Social Security No.: Birth Date: City: State: Zip: Termination
More information