The Congressional Budget Office has issued a report on the deductibility of state and local income taxes, looking at the benefits and drawbacks of the system.

The U.S. Supreme Court declined to hear Ford Motor Co.'s appeal in a tax case involving the cities of Seattle and Tacoma, allowing the cities to tax 100 percent of the automaker's wholesale sales in the two Washington State cities, even though the transactions were processed in Dearborn, Mich.

Forty percent of taxpayers plan to file their taxes online this season, up from 34 percent three years ago, according to a new survey.

Two additional defendants have been charged with criminal tax fraud in a tax shelter case involving current and former partners at Ernst & Young.

Chrissie Hynde, lead singer of the Pretenders, rode an Akron bus to show her support for a countywide sales tax increase that would bring increased revenue to the local mass transit system.

Two accounting firms, Mueller Yuva & Osterman and Larson and Associates, have merged to combine their strengths in auditing, estate planning and other services.

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.