Tax

The economic stimulus package that President Bush signed into law last week is drawing attention mostly to its tax rebates for individuals, but the bill also contains several provisions that should benefit small and midsized companies.

The Internal Revenue Service wants senior citizens, disabled veterans and retired railroad workers to make sure to file a tax return in order to receive a rebate, even if they don't normally do so.

As thousands of CPA firms across the country embark on that annual ritual known as filing season, more and more practices are looking toward document management and workflow solutions to ease the ensuing crush of paper.

The Internal Revenue Service has issued Revenue Procedure 2008-16, which provides a safe harbor under which the IRS will not challenge whether a property that is rented to others but also occasionally used by the owners for personal purposes qualifies as property that may be exchanged in a like-kind exchange under Section 1031 of the Tax Code.

The Georgia Senate has approved a bill that will do away with the state portion of the property tax.

Accounting firm Lopez Levi PA has merged two local South Florida firms into its practice to expand its range of services.

As thousands of CPA firms across the country embark on that annual ritual known as filing season, more and more practices are looking toward document management and workflow solutions to ease the ensuing crush of paper.

The Internal Revenue Service said it has begun successfully processing the five tax forms affected by the long-delayed patch for the alternative minimum tax.

As thousands of CPA firms across the country embark on that annual ritual known as filing season, more and more practices are looking toward document management and workflow solutions to ease the ensuing crush of paper.

The Internal Revenue Service said that even people who do not normally file tax returns because of their low incomes would need to file this year in order to receive an economic stimulus payment.