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Norman Grill: Itemizing deductions may reduce your taxes

Many taxpayers opt for the standard deduction because it is easier. But sometimes itemizing your deductions is the better choice – often resulting in...

Accountants report new tax law changes have hurt many filers

“Other than the real estate clients, I would say almost across the board most other clients, most other industries, professions, etcetera, have all been hurt by this new tax law,” Mark Hausner, principal in the accounting firm Peretz, Resnick, Mitgang & Marcus LLP, told the Business Journal.

Report: Cliff talks could include corporate tax reform

Obama administration officials have told Republicans they are willing to discuss an overhaul of the corporate tax code as part of negotiations over the fiscal cliff, according to a report by The Wall Street Journal.