Tax Strategies

The Mortgage Forgiveness Debt Relief Act of 2007 has introduced a new paradigm of tax strategies for those who are falling behind on their home mortgage payments (or anticipate falling behind as the result of a pending adjustable rate mortgage reset).

Spending of tax rebate money on shopping may be slower than politicians hope, according to a new survey.

President Bush said he would sign into law the economic stimulus package passed by Congress.

The Internal Revenue Service has improved its online refund-tracking tool and tax information publication.

A survey of leading corporate tax executives predicts that taxes will not be a major issue in Congress in 2008, apart from the one-year alternative minimum tax patch and the one-year extenders package.

Kellogg & Andelson Accountancy Corp. has acquired the Los Angeles office of a subsidiary of UHY Advisors.

The Senate and the House have passed an economic stimulus package that adds tax rebates for 20 million senior citizens and 250,000 disabled veterans to a package passed by the House last week.

New York Yankees captain Derek Jeter has reportedly settled his tax problems with the State of New York.

Gilman Ciocia has acquired Kelchlin Business Services, an accounting firm located in the Buffalo, N.Y., suburb of Depew.

The Social Security Administration and the Internal Revenue Service have moved several boxes on Form W-2.