Tax

U.S. Senate Finance Committee Chairman Ron Wyden said he expects Congress to pass legislation that would permanently extend three lapsed tax breaks for charitable contributions.

U.S. states are taking advantage of an expanding economy to cut taxes by the most in 14 years while spending more on education and other programs, according to the National Association of State Budget Officers.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Wolters Kluwer, CCH Small Firm Services has enhanced its ATX and TaxWise software for the 2014 tax season.

Bloomberg BNA has released the inaugural edition of the Bloomberg BNA 2015 Federal Tax Guide, a quick-reference guide for tax practitioners to help with preparing 2014 individual and business tax returns and 2015 planning.

While the traditional end-of-year tax tip checklist contains such tried and true suggestions as defer income and accelerate deductions, there are a number of other steps Tom Wheelwright takes in advising his small business clients.

Greatland has begun offering Web-based features for its Yearli technology for reporting and filing W-2 and 1099 forms.

The House of Representatives voted to revive dozens of lapsed U.S. tax breaks for this year and set them to expire again on Dec. 31.

Accounting firm Marcum LLP has released its annual Year-End Tax Guide for the national accounting and advisory firm’s clients and others.

U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations based on companies’ financial results.