Tax practice

by Roger Russell

IRS Sees Increased Fraud in Automotive Sales Industry: Scams and fraud in the automotive sales industry have increased over the past three years, according to the Internal Revenue Service.

by George G. Jones and Mark A. Luscombe

by David M. Fogel and Robert R. Rubin

EITC Certification Pilot Set To Launch: The Internal Revenue Service will launch the Earned Income Tax Credit certification pilot program in early 2004.

Washingtom, D.C. - New golden parachute regulations, issued in conjunction with a revenue procedure for valuing stock options that are treated as golden parachute payments, revise an earlier valuation method for stock options, according to the Internal Revenue Service.

by George G. Jones and Mark A. Luscombe

by Roger Russell

Sacramento, Calif. - California and federal tax authorities pledged to root out abusive tax shelters as part of a nationwide crackdown on the schemes, which have cost both local and federal governments billions of dollars.

by George G. Jones and Mark A. Luscombe

by Roger Russell

Tax Pros Oppose Deadline Change: The proposed change in the due date for electronically filed returns to April 30 is bad tax administration and tax policy, according to preparers of most of the professionally prepared returns in the United States.

Top Bush Official says Fix Tax Code to Avoid Europe Trade War: The Bush administration sent its big guns to Congress in July to urge legislators to fix part of the tax code to avoid a U.S.-European Union trade war.

by George G. Jones and Mark A. Luscombe

by Roger Russell

Treasury, IRS Whack “Son of Boss:” The Treasury Department and the Internal Revenue Service have issued regulations designed to take out a tax shelter commonly known as “Son of Boss.”

Washington - By a vote of 264-163, the House passed legislation to permanently abolish taxes on estates in late June.

by George G. Jones and Mark A. Luscombe

by Ken Rankin

New York - Intuit Inc. unveiled plans for an enhanced online edition of its complete payroll program and two other new payroll-related programs for small and midsized businesses.