Despite the distractions of war in Iraq, House lawmakers this week narrowly approved President Bush’s budget along party lines.
The measure includes nearly $550 billion in tax cuts through 2013, and raises the nation’s legal debt limit to nearly $1 trillion. The $2.27 trillion budget was approved by lawmakers 216-211.
The bill will next be taken up by the Senate, where it may face stiffer opposition.
The Internal Revenue Service's Direct File pilot program officially closed Friday, after 140,803 taxpayers used it in 12 states.
Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.
Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!
Plus, Earmark launches a web app; and other accounting technology news.
Plus, the Kansas Society of CPAs gives out scholarships; the Accounting MOVE Project announces a mini summit; and more.
Speedy sentencing; WWTF; no longer Confident; and other highlights of recent tax cases.
