Effect of backdating simpledating info

Republicans aim to overhaul the American tax code but have faced various hurdles in their goal of passing a tax reform bill this year.

Some top GOP senators, including Hatch, have previously said they expect to have to use reconciliation.The event did not happen during the time period required for the benefit so an attempt is being made to pretend that it did.This is a fraud on the tax authorities, a criminal offence and is likely to get the lawyer who prepared the document disciplined by his regulator and possibly also charged as a co-conspirator.That includes getting rid of state and local tax deductions.Mnuchin said he hopes the decrease in federal rates will help to offset the loss of those deductions.

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Law360, New York (June 15, 2006, AM EDT) -- It is virtually impossible to pick up a newspaper these days and not see an article about the ever-growing list of companies being caught up in investigations concerning allegations of backdated stock options.

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