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SENATORS EXPAND LEASING TAX SHELTERS PROBE: Federal agencies may have played a role in approving abusive tax shelter leases using federally funded infrastructure assets, according to Sen. Chuck Grassley, R-Iowa, chairman of the Senate Finance Committee, and ranking member Sen. Max Baucus, D-Mont.The senators have been investigating how major U.S. companies receive huge tax deductions by pretending to lease the infrastructure of cities and foreign countries, and then pretending to lease them back.
April 4 -
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New York — EMoney Advisor has released the latest version of its Web-based AdvisorPlatform planning software, which includes the ability to get live client net-worth statements nightly that advisors can submit to banks on behalf of clients who need to verify their assets quarterly for lines of credit.
April 4 -
by George G. Jones and Mark A. Luscombe
April 4 -
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NATIONAL SALES TAXES HIT RECORD LEVELS IN 2003: The sales tax rates levied by states, counties, cities and districts reached all-time highs in 2003, resulting in the largest overall increase in more than a decade, according to a report by tax technology company Vertex Inc.
March 15 -
Washington — The Treasury Department and the Internal Revenue Service say that they will propose regulations regarding the treatment of amounts that facilitate certain tax-free and taxable transactions and other restructurings, and that are required to be capitalized under Code Section 263.
March 15 -
New York — AccountMate, a developer of modifiable accounting and business management software for mid-market companies, is now offering a human resources solution through a new partnership with Ascentis and its AHROffice product.
March 15 -
by George G. Jones and Mark A. Luscombe
March 15 -