Tax strategies

Taxpayers who are still recovering from the economic downturn will get at least some relief in 2013 by way of the mandatory upward inflation-adjustments called for under the tax code, according to CCH.

Mitt Romney says he can lower income tax rates by 20 percent without costing the U.S. government revenue and without making the middle class carry a bigger share of the tax load.

The House held a hearing Thursday to discuss small business perspectives on the tax cliff, hearing testimony from a representative of the American Institute of CPAs and other witnesses.

A group of small online retailers have launched a coalition to protest against the imposition of laws requiring them to collect sales taxes from customers.

A high-ranking Internal Revenue Service official told a congressional panel that the agency is not planning to use tactics like tax liens and levies to make sure taxpayers are properly complying with the new health care reform law.

CCH has published a special report comparing the tax policies and proposals of President Barack Obama with his Republican rival Mitt Romney.

Republican presidential nominee Mitt Romney cited a group of economic studies to show that his tax-cut plan won’t increase the U.S. budget deficit or shift the tax burden to middle-income taxpayers.

Check out the digital edition of the September 2012 issue of Accounting Today.

If there’s a shortage of tax preparers for the 2014 season, it won’t be for lack of education providers.

Former President Bill Clinton delivered a scathing indictment of Republican presidential candidate Mitt Romney and vice presidential candidate Paul Ryan’s economic and tax plans to an enthusiastic crowd at the Democratic National Convention, exhorting the crowd to re-elect President Barack Obama.

Bain Capital LLC and Apollo Global Management LLC are among the private equity firms subpoenaed by New York’s attorney general in an investigation into whether they are depriving the state of tax revenue, according to two people familiar with the matter.

College students and their families could save up to $2,500 a year if they save receipts for necessary expenses such as textbooks and other course materials.

CFOs at multinational companies are beginning to change their minds about using tax policy as a way out of the economic doldrums.

Unprecendented levels of uncertainty wreak havoc on year-end planning

California’s State Board of Equalization is warning that beginning Sept. 15, a new law will take effect expanding the types of out-of-state retailers who are required to register with the board and requires them to begin collecting and remitting use tax on sales of tangible personal property to California consumers.

Republican presidential nominee Mitt Romney told an enthusiastic Republican National Convention that unlike his rival Barack Obama, he would not raise taxes on small businesses or the middle class.

Global CEOs and U.S. small business owners would like political leaders and candidates for office to focus more on tax reform, regulation, the size of government and entitlements, and the national debt in order to stimulate economic growth and job creation, according to a new report.

The Senate Finance Committee has released the legislative text of the tax extenders bill, spelling out the reasons for extending certain tax breaks or for letting them expire, along with dissenting views from a trio of senators.

Republicans are pitching their tax overhaul plan on the appeal of lower rates and a simpler system—and figuring that voters won’t mind the lack of details about the potential pain.

Thomson Reuters has posted a new series of blog articles for users of its UltraTax CS software with advice on how they can take advantage of the software’s data mining features to help their clients navigate the possible tax law changes coming next year.