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US Senate passed legislation to renew “expired tax extenders”

Posted by: Zaher Fallahi
Posted On: Dec 16, 2014

Today the US Senate passed legislation to renew “expired tax extenders as of December 31, 2013”, retroactive through December 31, 2014. Among the most favorite ones for small businesses is extension of section 179 depreciation of $500,000. More to come.

Zaher Fallahi, is a California Tax Attorney and a CPA, practices as Los Angeles Tax Defense Attorney and Orange Tax Defense Attorney, and assists taxpayers including Americans Living Abroad and Non-Resident Aliens subject to the US tax law, in resolving their tax problems regarding their Offshore Voluntary Disclosure Program (OVDP), Report of Foreign Bank and Financial Accounts (FBAR), Foreign Account Tax Compliance Act (FATCA) and Foreign Trust.  Telephones: (310) 719-1040 (Los Angeles), (714) 546-4272 (Orange County), e-mail taxattorney@zfcpa.com