Overview
IRS Clarifies Filing Extension Eligibility for Calendar Year C Corporations: The Treasury Department and the IRS issued a statement regarding the revised “Instructions for Form 7004,” clarifying that calendar year C corporations are eligible for an automatic six-month extension under section 6081(a). Under section 6081(b), calendar year C corporations are only eligible for a five-month extension.
House Small Business Committee to Hold a Hearing About Start-Ups and the Tax Code: On February 15 at 11:00 a.m., the House Small Business Committee will hold a hearing titled “Start-Ups Stalling? The Tax Code as a Barrier to Entrepreneurship.”
The following witnesses will testify:
- Kyle Pomerleau
Director, Federal Projects Tax Foundation - David Burton
Senior Fellow, Economic Policy Institute for Economic Freedom and Opportunity at the Heritage Foundation - Tim Reynolds
President of Tribute Inc., representing the National Small Business Association - Troy Lewis
Former Chairman, American Institute of CPAs' Tax Executive Committee