Tax Strategies

Taxware, a provider of tax calculation and compliance solutions and a subsidiary of First Data Corp, has launched TaxSolver 4.2, tax return generation software with Sarbanes Oxley compliance functionality.

Thomson Tax & Accounting has acquired Gear Up Inc., a Vancouver, Wash. provider of training and continuing professional education for tax and accounting practitioners.

Both the House and the Senate have passed the American Job Creation Act of 2004 by wide margins, putting it on the path to the desk of President Bush, who, despite expressing some misgivings over the bill's voluminous special interest provisions, has indicated that he will sign it.

House and Senate negotiators agreed to a corporate tax bill that repeals the Foreign Sales Corporation-Extra Territorial Income Tax regime, and cuts taxes across a broad swath of businesses.

The Internal Revenue Service has unveiled a new tool to help tax professionals determine whether their clients are eligible for the earned income tax credit.

As expected, President Bush signed into law the Working Families Tax Relief Act of 2004 on Monday, extending a number of tax breaks for families and businesses and marking his fourth tax cut in four years.

South Carolina regulators are reportedly mulling disciplinary action against KPMG LLP over the firm's past sales of allegedly abusive tax shelters.

A new revenue ruling will shut down an abusive employment tax arrangement involving double employer reimbursements for an employee's parking expenses.

RIA has introduced two new modules for its InSource Sales & Use Tax software.

Intuit unveiled a new offering this week aimed at small business owners who still rely on pencil and paper, Excel spreadsheets or shoeboxes to track expenses and keep their business records.