Description of Tax Bills (S. 1239, S. 1821, S. 2078, S. 2409, S. 2484, S. 2611, H.R. 1961, And H.R. 2792) : Scheduled for a Hearing Before the Subcommittee On Taxation And Debt Management of the Senate Committee On Finance On July 12, 1988 Jcs-12-88

Cover Description of Tax Bills (S. 1239, S. 1821, S. 2078, S. 2409, S. 2484, S. 2611, H.R. 1961, And H.R. 2792) : Scheduled for a Hearing Before the Subcommittee On Taxation And Debt Management of the Senate Committee On Finance On July 12, 1988 Jcs-12-88
Description of Tax Bills (S. 1239, S. 1821, S. 2078, S. 2409, S. 2484, S. 2611, H.R. 1961, And H.R. 2792) : Scheduled for a Hearing Before the Subcommittee On Taxation And Debt Management of the Senate Committee On Finance On July 12, 1988 Jcs-12-88
United States. Congress. Joint Committee On Taxation
The book Description of Tax Bills (S. 1239, S. 1821, S. 2078, S. 2409, S. 2484, S. 2611, H.R. 1961, And H.R. 2792) : Scheduled for a Hearing Before the Subcommittee On Taxation And Debt Management of the Senate Committee On Finance On July 12, 1988 Jcs-12-88 was written by author Here you can read free online of Description of Tax Bills (S. 1239, S. 1821, S. 2078, S. 2409, S. 2484, S. 2611, H.R. 1961, And H.R. 2792) : Scheduled for a Hearing Before the Subcommittee On Taxation And Debt Management of the Senate Committee On Finance On July 12, 1988 Jcs-12-88 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Description of Tax Bills (S. 1239, S. 1821, S. 2078, S. 2409, S. 2484, S. 2611, H.R. 1961, And H.R. 2792) : Scheduled for a Hearing Before the Subcommittee On Taxation And Debt Management of the Senate Committee On Finance On July 12, 1988 Jcs-12-88 a good or bad book?
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100-676, Part 1).
* HR- 2792 was passed by the House of Representatives on June 20, 1988. (See also H.Rp II. DESCRIPTION OF THE BILLS 1. S. 1239 — Senators Armstrong and Daschle Tax Treatment of Short-Term Loans of Small Banks Present Law quired accrual of interest on short-term loans Jnder present law, certain taxpayers must accrue as interest mputed on a daily basis) any acquisition discount and stated in- est on short-term obligations, i.e., obligations with a fixed matu- Y date of not more
...than one year from the date of issue (Code ;. 1281). This accrual requirement applies to accrual-basis taxpay- !, banks, regulated investment companies (mutual funds), nmon trust funds, dealers in short-term obligations, taxpayers it designate the short-term obligations as part of a hedge, and lain taxpayers that stripped an obligation.
rhe requirement under section 1281(aXl) for accrual of interest ributable to acquisition discount generally is effective for obliga- ns acquired after July 18, 1984.


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