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Sally's Main StreetFederal tax and small business policy, in plain English.

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A Senate IRS Bill Has a Title Called 'Small Businesses.' Here's What's In It

The Senate Finance Committee approved the Taxpayer Assistance and Service Act 26-1 on July 30. It would let contractors ask clients to withhold tax, extend the mailbox rule to electronic payments and require the IRS to answer refund claims within 12 months. None of it is law yet.

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