Tax research

CCH Small Firm Services, part of Wolters Kluwer Tax and Accounting, has acquired IntelliTax, a tax software company formerly known as Orrtax Software Solutions.

An attorney for New York Governor David Paterson's chief of staff has attributed his client's neglect in filing tax returns between 2001 and 2005 to "failure-to-file syndrome."

The Internal Revenue Service said that more than 279,000 economic stimulus checks, totaling about $163 million, and over 104,000 regular refund checks, totaling about $103 million, have been returned by the U.S. Postal Service due to mailing address errors.

Payroll processor PayCycle said its 1099 MISC E-File service would be open for accounting professionals serving small business clients starting Jan. 1, 2009.

A recent study of unpublished Internal Revenue Service data has found that wealthier people are hiding their income at greater rates than those in lower income brackets.

The Internal Revenue Service reported that it has seen a strong response to its settlement offer for two types of tax shelters, with companies agreeing to pay back taxes totaling billions of dollars.

Federal Reserve Chairman Ben Bernanke has given new life to calls for an economic stimulus package, but exactly what it will be is anybody's guess.

Cindy McCain has released the summary pages of her recently filed 2007 federal tax return.

BNA said its vice chair, Sandra C. Degler, has died of cancer.

An Internal Revenue Service employee has been sentenced to one year's probation for improperly accessing tax information about one of his acquaintances.

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.

INTUIT, BLOCK TO OFFER FREE 1040 E-FILING NEXT YEAR

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.