Tag: OM
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Omnibus Budget Reconciliation Act
About Omnibus Budget Reconciliation Act: OF 1993 legislation signed into law by President Clinton after passing both House and Senate by the narrowest of margins. Some highlights include tax rate increases for high income earners (new 36% and 39-6% tax brackets) and higher alternative minimum tax ra…
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Ombudsman
Ombudsman means:a member, in tax parlance, of the U.S. Internal Revenue Service (IRS) Commissioner's immediate staff who directs the IRS's Problem Resolution Program….