Tax Strategies

The Texas Society of CPAs has issued an analysis of the Obama administration’s call for eliminating special tax breaks for domestic oil and gas production and come out firmly against any repeal.

Treasury Secretary Timothy Geithner blamed a “broken” tax system as one of the chief causes of the U.S. budget deficit.

It’s good that tax reform is high on the political agenda these days.

The Tax Code provides substantial benefits for families with children, including up to $9,000 for a single parent with two children, according to a new study.

Senate Finance Committee Chairman Max Baucus, D-Mont., released a plan Thursday to write legislation that would end billions of dollars in tax breaks for large multinational oil and gas companies.

Corporate tax departments and high-ranking executives are doing a better job of communicating, according to a new survey BY Ernst & Young.

President Obama has written to congressional leaders encouraging them to eliminate special tax breaks for the oil and gas industry.

IMGCAP(1)]The current uncertain political, economic, and tax environment has led many people to postpone preparing or updating their estate plans.

Thomson Reuters released the latest Onesource Indirect Tax report on changes to state and local sales and use tax codes for the first quarter of 2011. According to the report, 83.3 percent of the changes are increases and new taxes and most are at the city and county level. They are likely a response to cut-backs in federal and state funding.

Less than half of affluent parents (49 percent) in a nationwide poll felt it was important to leave a financial inheritance to the next generation, according to the U.S. Trust Insights on Wealth and Worth Survey.