The Internal Revenue Service Oversight Board has sent a letter to the leaders of Congress’s two tax-writing committees urging them to act swiftly to patch the Alternative Minimum Tax to keep it from spreading to millions more taxpayers.
The letter, which was sent Monday to the Democratic and Republican leaders of the Senate Finance Committee and the House Ways and Means Committee, also urged action on passing the so-called “tax extenders,” the dozens of tax breaks that are traditionally extended by Congress year after year.
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