The Latest

The House has voted to approve a $78 billion bill that would provide a temporary fix to prevent the alternative minimum tax from spreading to about 23 million more taxpayers this coming tax season.

Intuit appointed R. Neil Williams as its new chief financial officer, succeeding Kiran Patel, who in June became general manager and senior vice president of the company's consumer tax business.

Lawyers for actor Wesley Snipes have filed a motion requesting a change of venue in his tax evasion trial, claiming that the current location is "a hotbed of Klan activity."

The Internal Revenue Service's financial management systems and internal controls came under sharp criticism in a financial audit conducted by the Government Accountability Office.

The Bonadio Group accounting firm has released a business intelligence and performance management system aimed at CPA firms.

Securities and Exchange Commission Chairman Christopher Cox met with securities regulators from Australia, Canada, China, Israel, Japan and South Korea to discuss the timeline for the implementation of interactive data for financial reporting.

Did you know that women provide the lion's share, up to 70 percent, of the $350 billion AARP estimate of the total value of uncompensated caregiving last year in the U.S.? Yep, according to the National Center on Women and Aging, a majority of those female caregivers are employed, but are often forced to reduce their hours or retire early due to their caregiving responsibilities, which can end up costing them each a staggering average of $659,130 in lost wages, savings, benefits, and pension over a lifetime. To help the estimated 40 million women who will retire over the next two decades to achieve increased financial viability, retirement security, and avoid the negative consequences so often related to care giving, LifeSecure Insurance Company and the Women's Institute for a Secure Retirement (WISER) have partnered on a consumer awareness and education initiative. LifeSecure's marketing efforts will include special communications targeting female consumers and creating awareness of the issues. In addition, consumers will be directed to the comprehensive library of useful financial planning, caregiving, and related information at WISER's online data center (see www.wiser.heinz.org/portal). "At LifeSecure, we are committed to helping women overcome the extreme financial and other dangers so often associated with informal caregiving,” says Lisa Wendt, president and CEO. “Having a complete understanding and easy access to accurate and relevant information are probably some of the best weapons women can have in dealing with these issues.” Jeffrey Lewis, chairman of WISER, notes of the partnership, "Over the years, we've found that many people--and most women--simply don't have enough information about building a secure retirement or dealing with negative financial impacts of informal caregiving. The solutions they need begin with understanding and education.” WISER works to increase awareness of the structural barriers that prevent women's adequate participation in the nation's retirement systems. Created in 1996 by Teresa Heinz Kerry, chairman of the Heinz Family Philanthropies, its goal is to improve the long term economic security of millions of American women and men. It is an independent 501(C) 3 organization. LifeSecure Insurance Company (www.yourlifesecure.com) offers a new generation of long-term care insurance coverage. The company is focused on providing understandable, affordable coverage, and high levels of customer service and support. The intention behind all this is to help women feel financially secure and knowledgeable enough about a critical financial issue such as the informal caregiving environment.

The Bush administration threatened to veto the Temporary Tax Relief Act of 2007 in its present form, putting the patch for the alternative minimum tax in jeopardy as the deadline nears for fixing the AMT before it spreads to millions more taxpayers.

Copanion released GruntWorx, a Web-based application that captures and organizes tax return documents and data from clients.

Two Southern accounting firms, Elliott Davis and Elliott & Warren, have decided to combine their operations and expand in the Charlotte, N.C., market.