Brokerages Will Have to Tell IRS What U.S. Investors Paid for Their Stock –  This will actually be very helpful when preparing tax returns because getting those cost basis figures is often a pain in the butt.  Of course, the stockbroker figures will most likely be wrong for inherited shares, which will need to have a basis adjustment as of the date of death of the previous owner.

Announcement: In 2011, Many Tax Benefits Increase Slightly Due to Inflation Adjustments

Details:  Revenue Procedure 2011-12 (8 page pdf)

Census: Fast growth in states with no income tax –  Coincidence?

Despite Tax Deal, Battle Over Estate Tax Likely to Continue

From Blog Comix

From the most recent episode of NewsBusted:

I have been a big supporter of the folks at TheTaxBook ever since they broke away from the purely academic slant of the QuickFinder books and started their own books with a real life tax practitioner perspective.  I have purchased their books and CDs every year since they began and refer to them constantly.

I have recently been taking advantage of the free 14 day trial of their latest new service, which is a web based library of their publications plus quick and easy links to IRS publications and announcements.  I really like the way the Internal Revenue Code is organized for super easy research.  Having all of these things accessible from one main portal is extremely handy.  I have been told that more items will be added in the future.

I like it so much that I will be taking them up on their offer to convert my current order for the CD to the WebPortal Plus service.   

They are inviting user feedback and I have shared my suggestions with them, including keeping the data more up to date for recent changes, as well as allowing the Forms and Publications pages to be sorted by the Date columns for easier location of new things. 

I grabbed some screenshots of the main pages to show the contents.  Click on them for larger versions.

From Tax Info