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September 9, 2011

The President is expected to sign legislation that prevents the patenting of tax strategy methods.

September 8th the “Journal of Accounting” reported the passage of the legislation by congress.  The legislation will reduce the costs of complying with the tax laws. 
The law applies to applications pending or filed after the date of enactment.  Federal , state, local and foreign laws are covered.   Tax preparation and other software is not covered. 

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