Tax

A new Web site uses a financial modeling program to calculate a user's taxes under either of the major presidential candidates.

The House has passed a fix for the alternative minimum tax to keep it from spreading to more taxpayers next year, as well as a separate bill to provide tax relief to businesses and families affected by natural disasters.

A group advocating the First Amendment right of pastors to endorse political candidates plans to stage a protest this Sunday encouraging clergymen to defy the rules governing tax-exempt organizations.

Under pressure from Congress and the IRS, H&R Block has decided that 100 percent of its tax products and services, including its TaxCut software, will now include free federal electronic filing.

The Senate passed by unanimous consent a bill that helps more children leave foster care and join permanent families, while clarifying the definition of a child for tax purposes.

The New York State Society of CPAs plans to hold a conference next month on international accounting standards.

A study of both presidential candidates' tax plans finds that they will both reduce millions of taxpayers' liability to zero.

The Senate passed a bill that would extend expiring tax cuts, patch the alternative minimum tax for another year, provide clean energy incentives and equalize the disclosure standards for tax preparers and taxpayers.

The Rehmann Group plans to merge with MSW Group to create Michigan's second largest wealth management and consulting firm.

Washington, D.C.-With the hoopla of the Democratic and Republican National Conventions still reverberating throughout the country and the election less than two months away, Accounting Today will examine the tax plans offered by both Democratic nominee Barack Obama and GOP candidate John McCain as each vies to become the 44th occupant of the White House.THE OBAMA PLAN