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Today's Top Tax Article  |
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House OKs Veto-Proof Farm Bill With Ethanol Credit, NOL Changes
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The House passes,
318-106, a conference report on a farm reauthorization bill (H.R.
2419) and its $1.7 billion in tax incentives, giving House lawmakers
enough votes to override President Bush's promised veto. Enough votes
are expected in the Senate to override a veto as well, according to
Sen. Grassley, ranking member of the Finance Committee. The Senate
plans to vote on the conference report today.
This article was originally printed in today's BNA Daily
Tax Report.
Recent developments >>
Featured Analysis |
Early Application of Proposed §987 Regulations May Be Blessed
by the IRS--But Is It a Good Idea?
by James J. Tobin, Esq.
Ernst & Young LLP, New York, NY
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Reliance on specific provisions of proposed Treasury regulations
can, at times, be perilous, unless, of course, the IRS says you can.
Sometimes, the IRS will sanction reliance on proposed regulations
pending their finalization or indicate that the government won't
challenge positions based on proposed regulations prior to the
issuance of final rules.
Full Text>>
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