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Search Results: keywords:"s corporation elections"

  • The bill, S. 684, also known as the "Tax Administration Simplification Act," proposes changes to the Internal Revenue Code of 1986. It aims to extend the time allowed for S corporations to file elections and amend processes related to their filing. Additionally, it modifies deadlines for...

    Simple Explanation

    The bill wants to make it easier for small businesses to tell the government when they are changing how they pay their taxes and to help them do this online instead of using paper.

  • The bill S. 5316, known as the "Tax Administration Simplification Act," proposes changes to the Internal Revenue Code to make it easier for small businesses to elect to be S corporations. It extends the time allowed for making these elections to align with the due date for...

    Simple Explanation

    The bill wants to make it easier for small businesses to choose a special tax status called "S corporation," by giving them more time to decide and file. It also makes sure that when people send their tax forms online, it's okay if they send them right at the deadline.

  • H. R. 1075, known as the "Tax Administration Simplification Act," seeks to amend parts of the Internal Revenue Code of 1986 to improve tax administration. The bill proposes changes to treat documents and payments sent electronically to the IRS as filed on the date of sending,...

    Simple Explanation

    H.R. 1075 wants to make it easier and safer for people to send their tax forms and money to the government through computers, and it also changes some important tax payment dates.

  • The Tax Administration Simplification Act (H. R. 8864) proposes several changes to the Internal Revenue Code. The bill aims to simplify tax administration by recognizing electronic submissions to the IRS as valid on the date they are sent, extending the deadline for S...

    Simple Explanation

    The Tax Administration Simplification Act wants to make doing taxes easier by allowing electronic filings to count on the day they're sent, giving more time for certain businesses to make choices about their taxes, and moving some tax payment due dates to later.