Burbank CPA Tax Musings: House Passes $42 Billion Plan to Revive U.S. Tax Breaks for 2014

Well it finally looks like Congress is getting off their backsides and starting to actually help with taxes by passing tax extenders that expired at the end of 2013.  See this update in Accounting Today by Richard Rubin and Bloomberg for the details:

http://www.accountingtoday.com/news/government-news/house-passes-42-billion-plan-to-revive-us-tax-breaks-for-2014-72913-1.html

Now the bill goes to the Senate, then if passed there the two bills will be reconciled and the final bill will go to the President to sign.  Why does this always happen at the eleventh hour?  Politics of course!

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