On May 25, 2007, the Small Business and Work Opportunity Tax Act of 2007¹ was signed into law. The legislation contains several provisions of interest to taxpayers and tax practitioners. This article provides a summary of the major items in the bill.

On May 25, 2007, the Small Business and Work Opportunity Tax Act of 20071 was signed into law. The legislation contains several provisions of interest to taxpayers and tax practitioners. This article provides a summary of the major items in the bill.