New Federal Tax Legislation Favorably Affects S Corporations.
Mondaq Business Briefing › Nbr. 2004, May 2004
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New Federal Tax Legislation Favorably Affects S Corporations.
On October 11, 2004, Congress passed a significant federal tax bill, the American Jobs Creation Act of 2004 ("AJCA"), which President Bush is expected to sign into law prior to the end of the year. Although AJCA was originally designed to end a U.S. tax credit for exported goods that had been determined to violate international trade agreements, the bill addresses many other areas of federal tax law.
Among the changes are several that aff...See the full content of this document
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