Tax research

The American Institute of CPAs has given one of its most prestigious awards to tax attorney Albert B. Ellentuck.

Accounting firm Rosen Seymour Shapss Martin & Co. has named a new managing partner, Martin L. Greenberg.

A tax attorney predicts that small businesses and high-net-worth individuals will need tax-planning advice to help protect their assets from anticipated changes in tax law.

President-elect Barack Obama is expected to begin working on passing an economic stimulus package, possibly even before he takes office.

Tax-related ballot initiatives went down to defeat in several states, including one in Massachusetts that would have repealed the state income tax.

Alma J. Batson and her son Kelcee L. Batson, operators of a tax prep business in Riverside, Calif., have pleaded guilty to federal tax charges.

Major League Baseball players and their agents are already looking for ways to skirt a steep income tax hike after President-elect Barack Obama takes office.

The results of Tuesday's election are increasing the balance of power on the Democratic side of the aisle in both the House and Senate.

Seventy-nine percent of CFOs and senior controllers said they do not plan to make tax decisions based on the outcome of the presidential and congressional elections, according to a survey by Grant Thornton.

An IRS tax compliance officer has been charged with accepting a bribe in exchange for preparing a false audit report for a taxpayer, and stealing another taxpayer's federal income tax refund and economic stimulus check.

Learn what practitioners should be focusing on in their upcoming year-end and general tax planning with both individual and corporate clients in this free webcast.

The Internal Revenue Service will begin conducting an annual survey of tax professionals early this month.

A Charlotte, N.C.-based florist is battling national competitors who market themselves as local merchants but don't charge their customers sales tax.

Governments at all levels are faced with the need to raise more revenue in the wake of the current fiscal crisis. Both the Treasury Inspector General for Tax Administration and the Government Accountability Office have issued reports addressing the weakness in unpaid tax collection, the role of private debt collectors in attempting to collect some of that debt, and the misreporting of rental real estate activities that contribute to the tax gap.The GAO said that while collecting unpaid tax debt is part of any strategy to help ensure compliance and confidence in the tax system and reduce both the annual tax gap and the cumulative unpaid tax debt inventory, Congress and other stakeholders have raised questions about the effectiveness of the Internal Revenue Service collection process in helping ensure compliance.

IRS TO ADDRESS PTP TERMINATIONSWashington, D.C. - The Internal Revenue Service plans to issue guidance on technical terminations of a publicly traded partnership resulting in multiple short tax years within one calendar year.

This year-end is proving to be one of the most difficult for investors in many years. There's the uncertainty resulting from the financial credit crisis and government reactions to the crisis. There's the uncertainty from the close presidential election. There is also the uncertainty from the existing tax laws, under which the tax rates for capital gains and dividends and the top marginal tax rates for ordinary income would increase in 2011 under current law even if nothing were done by Congress.Faced with this uncertainty, the market has been in retreat, evaporating gains and producing potential losses. While most investment advisors are advising clients to remain in the market, and even use downturns such as this as an opportunity for further investment, taxpayers facing investment losses should keep in mind some tried and true tax planning opportunities, as well as some potential new developments in the tax law.

IRS OFFERS GUIDANCE ON ARSWashington, D.C. - The Internal Revenue Service issued a revenue procedure that provides guidance on the treatment of taxpayers who accept certain types of settlements of potential legal claims relating to auction rate securities.

Tax-related measures will be on the ballots of at least 23 states on Tuesday, and they could have far-reaching ramifications.

The Deloitte Foundation has announced the regional winners of the Deloitte Tax Case Study Competition, an interscholastic competition that brought together nearly 60 teams from colleges and universities in 11 cities across the country in October to tackle complex tax case studies.

Learn what practitioners should be focusing on in their upcoming year-end and general tax planning with both individual and corporate clients in this free webcast.