Tax

CCH Small Firm Services will embark on a seven-city roadshow later this month to demonstrate the improvements made to its ATX 2013 professional tax software.

Senators Robert Menendez, D-N.J. and Pat Toomey, R-Pa., have introduced bipartisan legislation to help entrepreneurs start and grow a small business and comply with complex tax rules.

A new report from the Government Accountability Office examines corporate tax deferral, highlighting the distortionary impact on the economy.

A bipartisan bill has been introduced in the Senate with the goal of simplifying income tax collections for taxpayers who work in multiple states.

A pair of senators have introduced bipartisan legislation that would rescind tax write-offs for illegal corporate behavior in an effort to hold corporate wrongdoers accountable.

The Internal Revenue Service does not always identify potentially mistaken claims for General Business Credits when processing tax returns, according to a new government report that found unsupported claims for the credits totaling $1.3 billion for 2011.

A dozen emerging technology companies, including Twitter and Facebook, have enough unused tax breaks for executive stock options to eliminate all income taxes on the next $11.4 billion of U.S. income they collectively earn, according to a new report, giving them a net federal tax cut of $4 billion.

Anonymous visits by government auditors have uncovered accuracy problems with some of the tax returns prepared by volunteers who staff the Internal Revenue Service’s Volunteer Program, according to a new report.

Thomson Reuters has released a new special report on year-end tax planning for 2013 for individuals and businesses.

The American Institute of CPAs has written a letter to the Internal Revenue Service identifying 17 areas in which the IRS should provide additional guidance to tax practitioners and taxpayers in the wake of the Supreme Court’s decision ruling section 3 of the Defense of Marriage Act unconstitutional.