Congress Does Have A Backbone!

A while back I posted “IRS Makes Owning Rental Property More Burdensome” . Thankfully our Congress has voted to repeal the reporting requirement crafted into last year’s health care law.  Now its time for the President to sign the repeal bill.  One of the few bipartisan efforts this year, the repeal would make up for lost revenue from tax scofflaws by requiring those who receive certain tax credits to substantiate their entitlement.  What a novel idea!

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