Ernst & Young Its Washington Dispatch

President Obama releases proposed FY 2013 Budget -- Obama Administration releases long-awaited business tax reform framework -- Congress enacts extension of payroll tax cut, expanded UI, and medical "doc fix" through 2012 -- IRS issues temporary Section 909 regulations on FTC splitter events, final Section 901 technical taxpayer rules -- US government issues proposed FATCA regulations -- IRS Notice 2012-15 revises application of Section 367(a) and (b) to Section 304