Tax

Both the House and Senate passed nearly $5 billion in tax cut bills, aimed at helping victims of Hurricane Katrina and the people who provide them shelter.

The Government Accountability Office released a comprehensive overview of the tax reform debate.

Moving on from its recent legal troubles, KPMG named vice chairs for its tax services and tax services operations.

Although Congress has authorized tens of billions of dollars in tax breaks to help American families cope with rising college costs, millions of taxpayers are failing to cash in on this government assistance.

The Internal Revenue Service said victims of Hurricane Katrina will have until Jan. 3, 2006 to file any returns, pay any taxes, or make any deposits due -- extending an earlier announced reprieve.

The heads of the President's Advisory Panel on Federal Tax Reform announced that both of the panel's meetings scheduled for September will be postponed indefinitely.

Trustfile, a manufacturer of electronic state sales and use tax e-filing and payment technology, announced a reselling agreement with Independent Systems and Programming, a developer of sales and use tax calculation software, databases and forms.

The decision by the Internal Revenue Service to launch a new compliance study of S corporations has drawn a mixed response from tax practitioners and industry groups.

The Internal Revenue Service currently has no corporate strategy to combat identify theft, according to the Treasury Inspector General for Tax Administration. Until it adopts an agency-wide strategy, it will be unable to help taxpayers and the government combat what TIGTA calls "the growing threat" of identity theft and support the prosecution of offenders.

A federal judge has filed paperwork alerting the Internal Revenue Service that he plans to halt their experiment in outsourcing debt collection, siding with a Texas company that claimed they had been unfairly excluded from the bidding process.