A bill becomes law if signed by the President or if not signed within 10 days and Congress is in session. If Congress adjourns before the 10 days and the President has not signed the bill then it does not become law (Pocket Veto.)
Losses incurred from casualties and thefts during the administration of the estate can be deducted only if they have not been claimed on the federal estate tax return (Form 706). The personal representative must file a statement with the estate's income tax return waiving the deduction for estate tax purposes.
You Might Be Able to Take an Investment Tax Deduction for Interest Expense Tied to Your Investing Activities. The Internal Revenue Service allows a deduction for investment interest expense, which includes margin interest expense you pay for money borrowed to purchase investments such as stocks and bonds. There are very, very strict rules that must be followed if you want to avail yourself of this particular investment tax deduction. For one, you can only deduct investment interest expense up to the limit of your ânet investment interestâ.