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Congress faces historic tax law decisions in fall session
Congress returns to work in mid-September to a full agenda of tax legislation, dominated by the fast-approaching expiration of the 2001 individual marginal income tax rate reductions. Predicting when Congress will act on the rate cuts or any legislation is nearly impossible. House Democrats, who…
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SSA predicts no change to Social Security wage base for 2011
The U.S. Social Security Administration (SSA) predicted in a recent report that the amount of wages - the "taxable wage base" - subject to Social Security taxes would remain at $106,800 for tax year 2011. The wage base was $106,800 for both 2009 and 2010.

Employers withheld 6.2 percent in…
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WI - Permanent rules adopted on apportionment and nexus
The Wisconsin Department of Revenue has adopted a final rule order amending a number of corporation franchise and income tax rules relating to apportionment and nexus. In general, the order amends the rules to explain how they apply to corporations that are required to use combined reporting. No…
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MN - Additional changes for 2010 tax year discussed
The Minnesota Department of Revenue (DOR) has updated guidance on personal income tax changes for the 2010 tax year to include information on net operating losses and federal health care reform. Minnesota did not adopt the five-year NOL carryback provision enacted by the federal Worker,…
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