Tax

The proliferation of Tax Code changes, rules and regulations at the federal and state level has made the availability of services that can provide quick answers and extensive research to support a position on a tax return more necessary than ever. And thankfully for most researchers, flipping through - and filing - loose-leaf paper tax services is a thing of the past.

Accountants are squarely on the front line of the problems with the 2010 estate tax hiatus, according to practitioners and estate-planning attorneys.

Connecticut Governor Jodi Rell has vetoed legislation that would have taxed bonuses paid to people who work for financial companies that received federal bailouts.

H&R Block has closed about 400 of its “under-performing” tax offices out of its network of 11,000 retail tax locations, and eliminated approximately 400 positions throughout the organization.

BNA Tax & Accounting has introduced State Tax Nexus Evaluator, a research product that helps businesses and practitioners determine income tax nexus for 50 U.S. states, Washington, D.C., and New York City.

A long-awaited Senate energy and climate change bill is being introduced Wednesday by John Kerry, D-Mass., and Joe Lieberman, I-Conn., with several tax provisions that would benefit nuclear power plants.

The Tax & Accounting business of Thomson Reuters has released the latest version of its Sabrix Application Suite of global tax software, with added support for transaction taxes in Brazil.

Tax accountants and others looking for clues on how the anti-tax Tea Party movement will affect this fall’s national elections received mixed signals from voters in a number of recent ballot initiatives.

Although the overall effects of the Obama administration's health care reforms may not be known for years, they promise to significantly affect CPAs and their clients.

2010