Tax

Former Minnesota Governor Tim Pawlenty outlined his tax cut proposals during a speech in which he called for lower tax rates than other Republican presidential candidates have suggested so far.

A funny thing has been happening with the $7,500 plug-in electric vehicle tax credits that GM has been dangling before prospective buyers of its Chevrolet Volt: In many cases dealers rather than customers have been getting the tax breaks.

The Treasury Department and the Internal Revenue Service have proposed a set of changes to the New Markets Tax Credit program to encourage more money to go toward non-real estate businesses located in low-income communities.

Check out the digital edition of the June 2011 issue of Accounting Today.

Thomson Reuters has agreed to acquire Manatron, a provider of property tax automation and land registry global software for governments and municipalities and fold it into its Tax & Accounting unit.

Rep. Jim McDermott, D-Wash., has introduced bipartisan legislation that aims to bring parity and equal treatment under the Tax Code for health plan beneficiaries who are domestic partners and non-spouse dependents.

CCH has enhanced its IntelliConnect tax and accounting research service with a Categorized View that allows results to be viewed according to document type.

The House Ways and Means Committee heard from a panel of corporate finance executives during a hearing on how business tax reform can encourage job creation.

Late legislation, a hold on e-filing Schedule A returns and a later deadline for delivery of Form 1099s were among the factors that caused the past tax season to be more compressed than usual.

An agreement to raise the debt ceiling in Congress appears to be linked increasingly to a deal to cut both taxes and Medicare spending.