Tax

Washington, D.C.-Tax rate brackets and various tax benefits will remain unchanged or change only slightly in 2010 due to low inflation, and many pension plan limitations will remain unchanged, according to the Internal Revenue Service.

No one enjoys paying taxes. That's especially true when the tax structure is complex and convoluted. Payroll taxes often fall into this category, but perhaps the most convoluted taxes that some of your clients will have to track, compute and remit are sales and use taxes.

President Barack Obama said Thursday he plans to hold a forum in December at the White House on jobs and economic growth.

Although I wasn’t born with a silver spoon in my mouth, and I would have to get very lucky very soon to be concerned with the estate tax rate, it has always seemed an unfair proposition to tax a person or business when it is most vulnerable.

The Tax & Accounting business of Thomson Reuters has released a state apportionment planning tool on its Checkpoint online research service.

Sabrix has released the fall 2009 version of its outsourced sales tax system.

CCH has added Smart Charts, checklists and decision trees to its Business Entity Planning Library to provide further guidance to tax practitioners analyzing and comparing the entities used by small- and midsized businesses.

Government tax authorities around the world are requiring multinational companies to provide more documentation to support their transfer pricing strategies as countries seek additional tax revenue.

CCH’s Tax Prep Partner series has expanded to cover nonprofit, estate tax and payroll forms.

The House voted to approve health care reform, moving the legislation now to an uncertain outcome in the Senate.