Practice Management

The District of Columbia plans to launch a tax amnesty program on Thursday in an effort to collect $170 million in known receivables owed by more than 42,000 individuals and businesses.

Senate Finance Committee ranking member Charles Grassley, R-Iowa, and Sen. Charles Schumer, D-N.Y., have teamed up to sponsor legislation that would provide tax credits for the use of hydrogen fuel cells in forklift trucks and other industrial vehicles.

Small nonprofit organizations that are at risk of losing their tax-exempt status because they failed to file the required returns for 2007, 2008 and 2009 can preserve their status by filing the returns by Oct. 15, 2010, under a one-time special relief program.

Of the 131 changes in state and local taxes last quarter, 91.6 percent were either tax increases or new taxes, according to a new report.

Two Republican lawmakers are warning the Treasury Department against making a change in tax policy that would favor trial lawyers who handle lawsuits on a contingency basis and want to deduct loans to clients.

BNA Tax & Accounting has introduced its first application for the RIM BlackBerry, an electronic version of its Quick Tax Reference guide.

The nonprofit Tax Foundation has introduced an online calculator that allows taxpayers to compare how they would fare if all the Bush tax cuts expired as scheduled at the end of this year.

St. Louis-based accounting firm RubinBrown plans to expand westward by combining with Denver-based Saltzman Hamma Nelson Massaro to form one of the 50 largest accounting firms in the U.S.

Rep. Charles Rangel, D-N.Y., former chairman of the tax-writing House Ways and Means Committee, will face a trial before his congressional colleagues after a House investigative panel found that he violated ethics rules.

Call this a story about nurturing the goose that laid the golden egg.