Tax research

Tax software manufacturers predict that the impending election will fuel the tax prep market, as both presidential candidates propose significant changes to the Tax Code."The tax side of business will be brisk across the board regardless of the space they're playing in, because whoever becomes president will try to change the Tax Code, and change means more business," said Gene Goldenberg, senior vice president of marketing for CCH Small Firms Services, makers of ATX and TaxWise.

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The Internal Revenue Service has not developed sufficient processes to ensure that more than 61 million tax refunds were directly deposited last tax season to the correct bank account, according to a new report from the Treasury Department’s inspector general.

Security guard company Superior Protection Inc. and four of its executives were indicted for failing to pay employment taxes and other charges.

One of the defendants in a $60 million trust tax scheme has been sentenced to more than 13 years in prison.

A New York CPA has been charged with stealing $1.6 million from a plastics recycling company.

Thomson Reuters’ Tax & Accounting business said it is offering single sign-on integration for its GoSystem Tax ES tax software and GoFileRoom ES document management software.

Two recent reports suggest that the movement to register tax return preparers will continue.

Getting a handle on 2008 year-end tax planning is especially challenging this year because of several areas of uncertainty.

The Internal Revenue Service said personal exemptions and standard deductions would rise in 2009 to keep pace with inflation, providing more than three dozen tax benefits.

Two of the Internal Revenue Service's newest modernized computer systems were deployed with known security vulnerabilities that could expose confidential taxpayer information, according to a new report from the Treasury Department's inspector general.

The Internal Revenue Service announced cost-of-living adjustments on the dollar limitations for pension plans and other items in tax year 2009, even as Social Security benefits are expected to rise next year.

The Financial Accounting Standards Board is considering delaying implementation of its controversial standard on accounting for uncertainty in income taxes for private entitiies.

Former Abba band member Bjorn Ulvaeus has won a legal case against the Swedish tax authorities that will return to him the equivalent of $11.5 million in taxes that he has already paid.

The tax shelter trial of three former KPMG executives and an outside attorney began in a New York courtroom Wednesday, but with most of the original defendants no longer present.

Presidential candidate Sen. John McCain, R-Ariz., and his rival Sen. Barack Obama, D-Ill., have proposed differing tax and retirement plan measures to deal with the economic downturn.

The Internal Revenue Service has recently added a page to its Web site for the self-employed. I sure could’ve used that when I was a freelance writer, even though there was no Internet then.

The Internal Revenue Service has explained how eligible homeowners who received federal reimbursement grants stemming from Hurricanes Katrina, Rita or Wilma can take advantage of a new tax provision.

The Tax Court has amended its rules of rules of practice and procedure for whistleblower actions, making it easier for informants to keep their identities confidential.

The Internal Revenue Service issued a last-chance warning that only a few days remain until the Oct. 15 deadline for retirees and disabled veterans to file an income tax return that will allow them to receive an economic stimulus payment this year.