Tax

Better implementation by the Internal Revenue Service of two 2008 laws involving reporting of cost basis and transaction settlement could increase taxpayers’ voluntary compliance, according to a new government report.

Rep. Jim McDermott, D-Wash., has introduced legislation to amend the Tax Code to regulate and tax Internet gambling.

CBIZ MHM is realigning its tax consulting business under a new initiative that centralizes four of the firm’s specialty tax service lines.

Thomson Reuters has received a U.S. patent for its Universal Tax Determination Engine, which provides centralized control of tax policy and data-driven tax determinations for sales, use and value-added taxes.

The Senate voted Thursday to approve an amendment to repeal a tax credit for ethanol blenders.

CCH has expanded its Tax Prep Partner Series of online tax research products with a new Information Returns title.

The Senate vote Tuesday on repealing the Volumetric Ethanol Excise Tax Credit failed, but it could be a sign of things to come as the tax reform debate heats up in the midst of talks to raise the debt limit.

CCH and Baker Tilly International have begun a strategic partnership that will enable accounting firms in the Baker Tilly International network to receive CCH news, insights and other information services.

Thomson Reuters has upgraded its Checkpoint online tax and accounting research service with new features designed to improve the system’s efficiency, customizability and analysis.