Tax

Senate Democratic and Republican leaders have reached a compromise on a bill to provide tax breaks and refinancing assistance to beleaguered homeowners hit by the mortgage crisis.

A new coalition wants to eliminate the taxation of Americans working abroad.

The Treasury Department has been pilot testing a free interface between its Electronic Federal Tax Payment System and Intuit's QuickBooks software and plans to expand the interface to other software.

Austin, Texas-based attorney John Ramsey had the last laugh, winning a $10,000 prize in Intuit's TurboTax TaxLaugh contest with a series of tax jokes.

DiCicco, Gulman & Co. Gets World Series Trophy Visit

New York State lawmakers have dropped a plan by former Governor Eliot Spitzer to raise taxes on millionaires.

Small business owners are more likely than consumers to use a tax professional, according to a new survey, with 74 percent of small business owners planning to get help, while only 58 percent of consumers said they would.

Wolters Kluwer Law & Business has agreed to acquire the Accountants Division of MYOB UK and MYOB Ireland for 35.5 million pounds ($70.5 million), bringing the small business accounting and tax software developer into Wolters Kluwer UK's CCH Software division.

NetWorth Services said it is offering a special promotion for its online cost basis calculation service, Netbasis, allowing users to buy one transaction and get one free until April 15.

IRS LAUNCHES E-POSTCARDS FOR TAX-EXEMPTSWashington, D.C. — The Internal Revenue Service has introduced an electronic filing system that allows small tax-exempt organizations to file Form 990-N “e-Postcards” to report their annual income.