The Latest

Terrance “T.J.” Turner, director of income tax research at corporate income tax software developer Vertex, has been appointed to the IRS Electronic Tax Administration Advisory Committee.

Stock options software developer OptionEase has begun selling a Web-based system that provides administration, valuation and compliance functions for employee stock purchase programs.

The Virginia Society of Certified Public Accountants Educational Foundation offers two new scholarships for undergraduates planning to pursue careers in public accounting.

Despite confusion created by recent and probable year-end tax legislation changes, the 2010 federal income tax environment is still quite favorable.

While the Financial Accounting Foundation weighs the possibility of establishing a separate board for private company accounting standards, the Private Company Financial Reporting Committee is continuing its work encouraging the Financial Accounting Standards Board to take more notice of privately held businesses.

President Obama announced a deal Monday evening to extend the Bush-era tax rates for two years, as well as other tax breaks and unemployment benefits, after Republican and Democratic congressional leaders forged a compromise in meetings with administration officials.

IMGCAP(1)]Tax advisors often recommend that investors purchase municipal bonds issued in the state where they reside to avoid state and local taxes on the interest income. However compelling this strategy may appear, it also results in increased risk.

KPMG tax partner Terri Oen has transferred from the firm’s Minneapolis office to Portland, Ore., where she will head the office’s tax client service teams and operations as tax partner in charge.

After more than a year’s worth of promotion around the refocused Certified Information Technology Professional credential, interest in the title has risen significantly, and the American Institute of CPAs is ready to launch a beta exam to select credential holders, which will ultimately become a requirement to obtain CITP status.

Accounting firm Dixon Hughes has merged healthcare strategy consulting firm Charis Healthcare into its healthcare consulting practice.