IRS and the Treasury Department Amend Circular 230 to Promote Ethical Practice by Tax Professionals - What a rip. We're not supposed to sell bogus tax avoidance schemes to gullible people with big bucks any more. Since I've stayed away from that lucrative specialty, this won't affect me; but the Big CPA firms will see a lot of revenue dry up, if they obey this.
"Taxpayers also may add to the table amount any sales taxes paid on:
A motor vehicle, but only up to the amount of tax paid at the general sales tax rate; and
An aircraft, boat, home (including mobile or prefabricated), or home building materials, if the tax rate is the same as the general sales tax rate."
My earlier comments on this still apply.
Treasury Tax Reform Proposal to Reach Bush in Early 2005 - That would be great; but I'm not holding my breath.