Calvetti, Ferguson & Wagner, P.C., a CPA and business advisory firm specializing in tax, audit and advisory solutions, sealed a partnership with global transactional concern Verse Consulting that will bolster its international tax offerings to mid-market companies.

A bipartisan group of lawmakers in Congress plan to introduce legislation that would allow individuals who make charitable contributions to help victims of the earthquake in Haiti to claim an itemized charitable deduction on their tax return this year instead of waiting until next year.

The Internal Revenue Service has released the new form that eligible homebuyers need to claim the First-Time Homebuyer Credit this tax season and said that processing of those tax returns will begin in mid-February.

As Wall Street firms prepare to hand out record levels of bonuses, a group of lawmakers on Capitol Hill have co-sponsored a bill that would slap a 50 percent tax on many of the bonuses.

The White House has reportedly cemented a deal with labor union leaders scaling back the tax on so-called “Cadillac” health insurance plans.

The free electronic filing service has been made available to even more taxpayers.

Although most observers are on board with the new proposals to register, test and license tax return preparers, some questions about the goals and the process remain.