The House Ways and Means Committee has passed a bill that contains a provision advocated by the American Institute of CPAs equalizing the tax return reporting standards.

The Energy and Tax Extenders Act of 2008, introduced by committee chairman Charles Rangel, D-N.Y., mainly also extends a group of tax credits that expired last year or are scheduled to expire at the end of this year, including incentives for renewable energy (see Rangel Introduces Tax Extension Bill).

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