Monthly Archives: July 2010

House Fails To Repeal New 1099 Requirements

On Friday, the U.S. House of Representatives considered H.R. 5982, which would have, among other things, repealed the new Form 1099 rules. Unfortunately, the House was unable to pass the repeal of the new Form 1099 rules. See here. A … Continue reading

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House Financial Services Committee Passes Bill To Legalize Internet Gambling

Under the proposed law, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act: Internet gambling would be controlled by a federal licensing and regulatory regime. Licensees would be able to accept bets or wagers from persons located in the United States. … Continue reading

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Senator Baucus (D-Mont.) Speaks in Favor of 0% Capital Gains Tax Rate for Startups

Today (see floor schedule) the United States Senate will resume consideration of the Small Business Jobs and Credit Act of 2010. The bill will exempt from capital gains tax gains on qualified small business stock acquired after March 15, 2010, and before … Continue reading

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