Nathaniel Moran

This bill would stop U.S. businesses from getting certain tax breaks if they use technology controlled by foreign adversaries or are linked to such entities. This means they would no longer qualify for deductions like bonus depreciation or credits for research, aiming to reduce reliance on potentially risky foreign tech. These changes would take effect for tax years starting about one year after the bill becomes law.

Summary pending...

This bill would give people more time to claim tax credits or refunds when they are disputing a tax bill with the IRS. It would also stop the IRS from automatically using a taxpayer's overpayments to cover a disputed tax bill without their permission. Additionally, it would expand the Tax Court's power to review the actual tax bill being disputed, not just the IRS's decision to collect it.

Summary pending...

This bill would make it easier for taxpayers to meet deadlines when dealing with the Tax Court, especially if court offices or online systems are unavailable. It would also give the Tax Court more tools to gather information and ensure fair proceedings. These changes aim to improve how taxpayers interact with the IRS through the Tax Court.

Summary pending...

Summary pending...

Summary pending...

Summary pending...

Summary pending...

This bill would change patent rules to make it more difficult for companies or individuals to challenge existing patents, requiring a higher standard of proof and limiting repetitive challenges. It would also ensure that all fees paid to the Patent and Trademark Office are used for its operations, and would expand reduced patent fees for university-affiliated inventors and offer free online search tools for everyone.

This bill would let many workers deduct a portion of their overtime pay from their taxable income, potentially lowering their tax bill. It would also require employers to report this specific overtime pay on W-2 forms. These changes would take effect for taxable years starting after December 31, 2024.