Practice Management

President Bush called for an economic stimulus plan that includes tax breaks for individuals and businesses.

Presidential hopeful Sen. John McCain, R-Ariz., proposed cutting the corporate tax rate to 25 percent from 35 percent, matching Rudolph Giuliani's plan.

A watchdog group, Americans United for Church and State, has asked the Internal Revenue Service to investigate a Nevada church whose pastor called for the election of Democratic presidential hopeful Sen. Barack Obama, D-Ill.

S corporations are the nation's most common corporate tax designations.

Gilman Ciocia has acquired Edward W. Halleran Accounting & Tax Service.

Diane Siriani, a CPA and principal of Siriani and Associates, has formed a joint venture with Don Burniac of Associated Tax and Accounting to introduce an online tax-filing service.

Accounting firm Watson Rice said it has entered into a partnership agreement with Thompson, Cobb, Bazilio & Associates, effectively merging the two firms.

The Congressional Budget Office has released a report on various options for stimulating the economy, including cutting personal and corporate taxes.

CPA firms Lazard Dana LLP and Deemer Davidson Prather PC have merged, changing their name to Deemer Dana & Froehle LLP.

Congress’s Joint Committee on Taxation has released a list of tax provisions that expired at the end of last year, as well as several scheduled to end this year and in subsequent years.