The House of Representatives has passed a bill containing a set of tax deductions and extensions, renewable energy incentives, and a provision equalizing the penalty standards for tax preparers and taxpayers.

H.R. 6049 passed by a vote of 263 to 160 after the Ways and Means Committee approved it last week (see Ways and Means Committee Approves Eased Tax Preparer Provision). The American Institute of CPAs lobbied heavily for the tax return preparer provision and praised passage of the bill.

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