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CCH can assist you with stories, including interviews with CCH subject experts.
Also, the 2006 CCH Whole Ball of Tax is available in print. Please
contact:
Leslie Bonacum
(847) 267-7153
mediahelp@cch.com
Neil Allen
(847) 267-2179
neil.allen@wolterskluwer.com
Link to special CCH Tax Briefings on key topics from 2005:
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2006 CCH Whole Ball of Tax
The Tax Year That Was: 2005 Tax Law Changes Bring Disaster Relief,
Energy Incentives
Bankruptcy Law, State Tax Agreement also
Part of the Tax Picture
(RIVERWOODS, ILL.,
January 2006) – Although a broad-based overhaul of the tax code remained
elusive in 2005, despite efforts in Congress and President Bush’s Advisory
Panel on Federal Tax Reform, the year was still marked by significant tax
law changes affecting businesses and consumers for the 2005 tax year and
beyond, according to CCH, a Wolters Kluwer business and a leading provider
of tax and accounting law information, software and services (tax.cchgroup.com).
Among the most significant was Congressional passage
of a $14.5-plus billion energy bill to encourage domestic energy production
and conservation. This was followed six weeks later by a $6 billion tax
relief bill geared toward hurricane victims, and yet another bill passed
at year-end to expand hurricane relief as well as correct some glitches
from 2004 tax legislation.
Meanwhile, the most sweeping overhaul of the Bankruptcy
Code since its enactment in 1978 also was passed in 2005, redefining the
use of Chapter 7 and Chapter 11 bankruptcy filings. And, on the state level,
after more than five years of effort, the Streamlined Sales and Use Tax Agreement came
into effect last fall bringing consistent tax revenue collection on Internet
sales one step closer.
For more detail on the 2005 tax law changes, access
CCH’s Tax Briefings (included at the end of the 2006 Whole Ball
of Tax press package as well as online at http://tax.cchgroup.com/Tax-Briefings).
The 2006 Whole Ball of Tax also includes specific releases on topics related
to:
- The
Katrina Emergency Tax Relief Act of 2005 (Release
#8);
- The
Energy Tax Incentives Act of 2005 (Release
#6);
- The
Bankruptcy Abuse, Prevention and Consumer Protection Act of 2005 (Release
#3);
- The
Streamlined Sales and Use Tax Agreement (Release
#5); and
- The
Gulf Opportunity Zone Act of 2005 (Release #8)
About CCH, a Wolters
Kluwer business
CCH, a Wolters Kluwer business (tax.cchgroup.com)
is a leading provider of tax, audit and accounting information, software
and services. It has served tax, accounting and business professionals
and their clients since 1913. Among its market-leading products are The
ProSystem fx® Office, CCH® Tax Research Network™, Accounting
Research Manager™ and the U.S. Master Tax Guide®. CCH is based
in Riverwoods, Ill.
Wolters Kluwer is a leading multinational publisher and information
services company. Wolters Kluwer has annual revenues (2004) of €3.3 billion,
employs approximately 18,400 people worldwide and maintains operations
across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered
in Amsterdam, the Netherlands (www.wolterskluwer.com). Its depositary receipts of shares
are quoted on the Euronext Amsterdam (WKL) and are included in the AEX
and Euronext 100 indices.
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nb-06-20
EDITOR’S NOTE: Copies
of CCH’s authoritative resources on these tax law changes are available
to members of the press on a complimentary basis. Please contact Leslie
Bonacum at 847-267-7153 or mediahelp@cch.com or Neil Allen at 847-267-2179
or neil.allen@wolterskluwer.com for copies.
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