Tax

The House passed a new version of its patch for the alternative minimum tax that eliminates a controversial provision to raise taxes on the carried interest earnings of managers of private equity firms and hedge funds.

A former Internal Revenue Service agent has pleaded guilty in Manhattan federal court to engaging in a scheme in which he attempted to sell to other taxpayers the purported tax losses of a company he owned, as well as use them on his own individual tax returns.

The Internal Revenue Service said that payments under the Department of Veterans Affairs' Compensated Work Therapy (CWT) program are no longer taxable and disabled veterans who paid tax on these benefits in the past three years can now claim refunds.

Attend this web seminar, "Increasing Profits this Tax Season with Organized, Indexed Client Tax Documents: A Guide to Evaluating Which Solutions Make Sense for Your Firm," to learn how organizing and indexing client tax documents can increase your firm's productivity and profitability this tax season.

The congressional delay on extending provisions of the Alternative Minimum Tax will likely not impede Intuit's ability to get its tax software out on time, according to senior vice president Brad Smith.

CCH has introduced an online product that provides tax research and compliance information for doing business in emerging markets around the world.

The Internal Revenue Service and the Treasury Department are evaluating the single-rate business tax recently adopted by Mexico to determine whether it can be credited under the terms of a treaty aimed at avoiding double taxation.

H&R Block delayed its Form 10-Q filing for its fiscal 2008 second quarter after hiring a new auditor, but reported a wider loss as the tax prep giant continues to experience fallout from its mortgage business.

As increasing client demand for tax services often exceeds a firm's manpower and resources, many firms are turning to outsourcing services and solutions to save time and expenses while increasing profitability. Listen to how one firm did it during an online session on Tax Prep Outsourcing.

CPA firm Argy, Wiltse & Robinson has acquired Spear Safer CPAs & Advisors, allowing the Virginia-based firm to expand further in South Florida.