Tax

The National Association of Tax Professionals is asking the Internal Revenue Service to clarify a murky provision in the updated Circular 230 rules that seemingly prohibits registered tax preparers from providing “tax advice” to clients unless they're preparing a tax return.

President Obama released his jobs bill, known as the American Jobs Act, to Congress on Monday, with tax credits for new hires and an expansion of the payroll tax cut.

Grant Thornton has chosen CCH to provide the firm’s tax professionals with subscription-based tax research content and workflow tools.

Despite all the new tax regulations, registration requirements, and the promise of new tax legislation, there’s one thing that return preparers can eliminate from their worry list: tax strategy patents.

President Obama addressed a joint session of Congress on Thursday evening to present a jobs bill containing an expansion of the payroll tax cut, tax breaks for new hires and salary raises, and other tax reform measures.

The Senate approved a patent reform bill on Thursday containing provisions that eliminate patents on tax strategies.

Amazon.com has reportedly clinched a tentative deal with legislative leaders in California to begin collecting sales taxes in September 2012 in exchange for dropping a voter referendum drive aimed at repealing a recently passed law that would require online retailers to collect sales taxes.

Republican presidential candidate Mitt Romney introduced a 160-page plan for generating jobs and economic growth, including reductions in the corporate tax rate, along with the elimination of taxes on capital gains, interest and dividends.

The Internal Revenue Service released the specifications on Tuesday for the competency test that individuals must pass to become a Registered Tax Return Preparer.

Labor unions representing registered nurses have organized protests outside the offices of 61 members of Congress calling on lawmakers to support a Wall Street transaction tax.