The House Ways and Means Committee held a hearing to consider changing the tax treatment of closely held businesses in the context of overall tax reform efforts.

Wednesday’s hearing was the latest in a series of hearings that the Ways and Means Committee and the Senate Finance Committee have been holding on tax reform. Ways and Means Chairman Dave Camp, R-Mich., noted that closely held businesses can range from midsized manufacturers to local law firms to Main Street restaurants that sponsor the local Little League team. 

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access