Congressional Update

Courtesy of NAEA
- The National Association of Enrolled Agents


Congress is poised to adjourn for the July 4th recess. In the tax arena, negotiations continue on eliminating illegal tax subsidies that have caused tariffs to be raised on a number of U.S. exports. This is the legislation expected to result in a corporate rate cut and perhaps a number of special interest "sweeteners" to help ensure passage.

Meanwhile, the House continues to pass various tax relief measures. The latest is a measure which would permit taxpayers to roll over up to $500 in unused dependent care savings held in a flexible spending account rather than forfeiting the money. This money can be applied to care for children under 13, disabled spouses, parents, or other dependent adults.


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REMEMBER - IRS is Hiring!

IRS Announces Hundreds of Revenue Agent Positions

The Internal Revenue Service is seeking qualified candidates to fill hundreds of technical positions in various locations across the country. Some positions start at $75,000 per year in designated locations. The job announcements appear on the Office of Personnel Management web site at USAJobs until July 30, 2004. These senior technical-level positions require strong analytical and professional accounting skills. Click here for more information.


Published TaxMama.com 6.25.04