Tax Strategies

Columnists Jones and Luscombe on 2012 tax planning

BNA Software, a Bloomberg BNA business, has launched BNA Income Tax Planner Web, an online version of the company’s income tax software that provides several new features and lower maintenance costs.

Julie and Brett Redden are in a hurry for the paperwork to go through for the six-year-old girl they are planning to adopt from China.

It’s been awhile since serious consideration has been given to estate tax reform, but with the Jan. 1, 2013 deadline looming, more people are offering their views on the subject.

The Senate Finance Committee held a hearing Monday on tax reform and its impact on state and local tax and fiscal policy.

It’s been said that you can’t tell the players without a scorecard. Where I need a scorecard is to figure out which tax provisions expired at the end of 2011, and those slated to give up the ghost at the end of 2012. Luckily, the Joint Economic Committee has a Web site that lists all of the expiring provisions of recent memory, together with the dates they expired or will expire.

The House has approved Republican-backed legislation to provide a tax cut of up to 20 percent for one year to companies with fewer than 500 employees.

The large differences in excise tax rates for various smoking products are prompting consumers with a tobacco habit to shift their smoking habits to pipes and larger cigars, according to a new government study.

Financial executives in the medical device industry say the new excise tax included in the health care reform law will take a major impact on reducing their bottom line, according to a new survey by KPMG.

With Democrats and Republicans in Congress battling over competing tax legislation this week, one new bill should be able to attract bipartisan support.