Tax

The Internal Revenue Service is making progress toward its goal of processing tax returns on a daily basis, according to a new report.

As schools prepare to reconvene across the country, tax preparation chain Jackson Hewitt Tax Service is reminding taxpayers of a number of education-related tax credits and deductions.

Republican presidential candidate Mitt Romney and his wife, Ann, have used sophisticated estate- planning techniques for more than a decade to minimize taxes and amass at least $100 million for their family outside of their estate.

Three Republicans from the House Committee on Oversight and Government have written a letter to IRS Commissioner Doug Shulman demanding he explain a recent rule that would extend tax credits to individuals who buy health insurance from an exchange set up by the federal government when their state has failed to set up such an exchange.

CCH has released a special tax briefing providing guidance and analysis of the Internal Revenue Service’s temporary regulations for repairs of tangible property and how they may require companies to change their accounting methods.

The Internal Revenue Service is offering a sneak preview of its revamped Web site, which is slated to go live at the end of the month.

Intuit Inc. posted fourth quarter revenue of $651 million, up 14 percent from a year ago, with 64 percent of its overall revenue coming from connected services, compared to 50 percent during the year-ago period in 2011.

Republican vice presidential candidate Paul Ryan paid effective federal tax rates of 20 percent in 2011 and 15.9 percent in 2010, tax returns released Friday night show.

Tax and accounting solutions provider CCH Small Firm Services has launched a new resource center to help tax and accounting professionals improve their marketing and increase their knowledge of the field.

To maximize your accounting firm’s overall efficiency, effectiveness and productivity in researching and resolving a tax issue and determining the sustainability of a client’s tax return filing position, the appropriate tax research processes must be meticulously designed, implemented and executed.