Health Care Bill Section 9006 and Your Small Business | D. J. Marcus's Tax Blog | Tax Law for Individuals and Small Businesses
When Congress passed the Health Care Bill in March, they inserted a seemingly insignificant section that will eventually have sweeping implications. It will increase accountability for the small business taxpayer to keep accurate records and make it more difficult for business to claim improper business expenses to offset revenues during the tax year.
What does it say?
Section 9006 of the bill amends Section 6041 of the Internal Revenue Code in the following way:
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