January 17, 2014

Senator Baucus is headed to China but his discussion drafts remain, as does the January 17^th deadline for commenting on them.

So earlier today, the S Corporation Association submitted comments in response to the Senate Finance Committee’s discussion draft on international tax reform. Released late last year, the staff discussion draft was the first in a series of proposals put out by Chairman Baucus to spark conversation about how best to overhaul the tax code.

Generally speaking, the comments provided S-Corp with a good opportunity to educate policymakers (and ourselves) on the presence of pass-through businesses with …

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