Tax

The Making Work Pay Credit is this year's economic stimulus to help get the economy going, just as the economic stimulus payments and related recovery rebate credit were last year's effort to stimulate the economy.

Proposed legislation that was written initially to target hedge fund managers could impact a much larger array of partnerships in areas such as real estate.

Although I reside in one of the most overtaxed and inarguably free-spending states in the union, I did not attend any of the many "Tea Parties" held last month, fittingly, on April 15. Though I was sorely tempted because - for those not familiar with the fiscal drumbeat of New York - tax hikes are as predictable as a Mets' late-season collapse or delays in the 80-year odyssey better known as the Second Avenue Subway.

Providers unveil new online tax research apps

H&R Block said it is re-aligning its tax and corporate structures and putting CEO Russ Smyth in charge of tax operations.

The IRS is providing a new withholding adjustment option for pension plans as a way to get around some of the glitches that have developed with the new Making Work Pay tax credit.

The Senate Finance Committee held hearings to determine how to pay for health insurance reform, including through new taxes and tax credits.

New York City CPA Jonathan Medows specializes in helping small business owners and freelancers cope with the economic crisis.

A recent decision by the Massachusetts Appellate Tax Board related to inter-company pricing may put state tax auditors on notice not to overreach when assessing the value of services and products provided between companies and their out-of-state affiliates.

Washington, D.C. - Congressional leaders wrestling with President Obama's plan to make the Bush administration's tax cuts permanent for middle-class families earning under $250,000 a year are hearing a sharply divided response from top economic experts.