From The Washington Wire

S-Corp Mod Bills Introduced! 

Good news on a hot day in July!  The 2016 version of the “S Corporation Modernization Act” has been introduced the House and the Senate.  Led by Senators Thune (R-SD) and Cardin (D-MD) and Representatives Reichert (R-WA) and Kind (D-WI), the bill... 


S-Corp Submits 385 Comments

The debate over Section 385 continues.  The comment period ends today, and we sent in our comment letter along with the rest of the business community. As we noted in our submission, the 385 regulations were advertised as a response to base erosion practices,... 


House Tax Blueprint

You have to feel for the House tax writers.  They spent months putting together a plan to reform the tax code and now all anybody wants to talk about is Brexit and Section 385.  That’s too bad, because the plan outline released last week is pretty... 


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