IRC RIP?
Posted by taxguru on June 10, 2006
GOP Policy Chair Wants Vote on Tax Code Termination – Letting the Internal Revenue Code die on 12/31/09 is an excellent idea. However, the reason this kind of legislation has no possibility of success is the fact that it would only be applicable “provided an alternative is in place by July 4, 2009. “ Such a weasel clause effectively nullifies the entire sunset provision. It should be that the IRC expires 12/31/09 no matter what.

Sorry, the comment form is closed at this time.
