Tax

Holiday shoppers who are planning spending sprees at their local stores on Black Friday and Thanksgiving weekend will be contending not only with door-buster bargains, but also with sales taxes, which in some states and localities can be much higher or lower than others.

Tax extenders, temporary tax provisions that are reinstated by Congress on a regular basis, have been a recurring part of the tax arena for years. Most of the current group up for debate have expired at the end of 2013, and their eventual extension will be retroactive, but not all will be extended. Here are the best bets.

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

The Internal Revenue Service’s Electronic Tax Administration Advisory Committee has selected three new members and a chairman.

The Net Investment Income Tax, which was included as part of the Affordable Care Act, will be hitting taxpayers and practitioners alike this coming tax season.

If the lame duck session of Congress fails to address the tax extenders, it will fall to incoming House Ways and Means Committee chairman Paul Ryan, R-Wis., to see that they get passed early in the next session of Congress.

Highlights of some of our favorite tax-related blogs from the past week.

Crowe Horwath LLP has issued a year-end tax-planning guide with information on income tax deductions, education planning, investing, retirement and estate planning, and tax rates.

Josh Braunstein, vice president of research and learning at Wolters Kluwer CCH, discusses how the company is integrating its tax research with popular search engines, in an interview at the CCH Connections conference in Orlando with AccountingToday.com editor-in-chief Michael Cohn.

The National Society of Accountants is suggesting some year-end tax tips to help businesses save money on taxes for this year and beyond, courtesy of Wolters Kluwer CCH.