Legislation proposing uniform quarterly estimated tax due dates has resurfaced in the House and has garnered support from professional tax and accounting organizations. In the tax world, quarterly sometimes does not necessarily mean quarterly. Introduced on May 25 in the House by Representatives Debbie Lesko (Republican of Arizona) and Brad Schneider (Democrat of Illinois), the Tax Deadline Simplification Act aims to establish even due dates for estimated tax installments for individuals, businesses, estates, and trusts. Under this proposed act, payments would be due 15 days after the end of each quarter, aligning the deadlines with the 15th day of January,…

House Ways and Means Republicans have put forth a series of tax bills primarily focused on benefiting small businesses. The package includes an extension of expired business tax provisions, an additional standard deduction, and reductions in green energy provisions. Introduced on June 9, these three interconnected tax bills are seen as a starting point for negotiations between Democrats and Republicans on a comprehensive tax bill expected to be finalized by the end of the year. The package aims to extend and retroactively reinstate three business tax provisions from the Tax Cuts and Jobs Act (TCJA) (PL 115-97). Additionally, it proposes…