Tax

Accounting firm Dworken, Hillman, LaMorte & Sterczala has entered a competition to see who can lose the most weight during tax season and resist temptations like free pizza in the office.

Jury selection in the tax evasion trial of actor Wesley Snipes has begun, with documents from prosecutors showing that Snipes failed to pay taxes on the $38 million in income he earned between 1999 and 2004.

Intuit officials disclosed their 2008 accountant strategy, saying they would target both full-service firms and tax-driven firms this year.

The Tax Governance Institute plans to host a video Webcast on the new tax preparer standards on Jan. 15 from 1 pm to 2:30 pm EST.

The Internal Revenue Service has opened its electronic filing season for all filers except those who must file five forms affected by the alternative minimum tax.

Presidential hopeful Rudolph Giuliani outlined a plan to reform the Tax Code and cut taxes.

Deborah Nolan, former commissioner of the Large and Mid-Size Business Division of the Internal Revenue Service, has joined Ernst & Young as a partner.

National Taxpayer Advocate Nina Olson released a report to Congress pointing out a variety of problems, including the impact of late-year Tax Code changes on taxpayers.

The Internal Revenue Service has made several changes to the 2007 instructions for Form 1040 and 1040NR as a result of the Tax Technical Corrections Act of 2007.

President Bush is considering a variety of options for an economic stimulus package to perk up the economy, reportedly including a possible tax rebate of $500 for individuals, along with business tax breaks to encourage equipment investments.