Tax

Thomson Tax & Accounting has upgraded its zCalc fiduciary practice system, adding an advanced estate tax calculator program for determining federal and state estate taxes.

Diane Siriani, a CPA and principal of Siriani and Associates, has formed a joint venture with Don Burniac of Associated Tax and Accounting to introduce an online tax-filing service.

The Congressional Budget Office has released a report on various options for stimulating the economy, including cutting personal and corporate taxes.

Congress’s Joint Committee on Taxation has released a list of tax provisions that expired at the end of last year, as well as several scheduled to end this year and in subsequent years.

The Supreme Court has handed down a unanimous decision in a case involving the deductibility of investment advisory fees by trusts, ruling that the expenses are deductible only to the extent that they exceed 2 percent of the adjusted gross income.

The Internal Revenue Service has amended its list of "frivolous" legal arguments used by people who want to avoid paying taxes, adding four new claims to the set it considers without merit.

Accounting firm Dworken, Hillman, LaMorte & Sterczala has entered a competition to see who can lose the most weight during tax season and resist temptations like free pizza in the office.

Jury selection in the tax evasion trial of actor Wesley Snipes has begun, with documents from prosecutors showing that Snipes failed to pay taxes on the $38 million in income he earned between 1999 and 2004.

Intuit officials disclosed their 2008 accountant strategy, saying they would target both full-service firms and tax-driven firms this year.

The Tax Governance Institute plans to host a video Webcast on the new tax preparer standards on Jan. 15 from 1 pm to 2:30 pm EST.