Tax

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.

Amazon.com has come up with an unusual way to sell its tax prep packages this season, featuring characters from NBC's TV series "The Office" as examples of the kinds of taxpayers who might try out different packages.

The Internal Revenue Service said it is now possible to electronically file a tax return in which the Individual Taxpayer Identification Number and the Social Security Number don't match.

Anchin, Block & Anchin LLP has merged with H.J. Behrman, adding 26 accounting and tax professionals to Anchin's roster and building the firm's real estate practice.

Ernst & Young has been holding a conference in New York this week to attract ethnically diverse college students to the tax profession.

The Internal Revenue Service has established rules for substantiating lump-sum charitable contributions made through the Combined Federal Campaign or similar programs such as a United Way campaign.

The tax prep season is just upon us, and it has some very interesting wrinkles already. To begin with, Congress once again enacted legislation just before it left for the Holiday recess that directly impacted tax return preparation. Then there is the concern over severe implications of the tax preparer penalty changes.

KPMG plans to host a webcast on Section 904 regulations and their potential implications on the foreign tax credit positions of U.S. multinationals.

Tax practitioners who take the plunge into financial planning find that it's a natural step to go from preparing a tax return and answering a client's questions, to tax planning and full-scale financial services."Financial planning has been a nice blend of what I'm already doing for my clients," explained Matawan, N.J.-based CPA Salim Omar.

CCH INTROS TAX INCENTIVES FINDERCCH has debuted a Web-based tool designed to find local incentives that can reduce income, property, and sales and use taxes, as well as identify enterprise zones and non-tax financial incentives. The Business Incentives Navigator on the CCH Tax Research Network allows users to search for statewide and location-based incentives. Users select an industry, followed by an incentive category such as investment, job creation, or research and development. Then they can select one or more jurisdictions.