The American Institute of CPAs has called on Congress to repeal a requirement that businesses making purchases of more than $600 in goods or services from another vendor would have to provide the vendor and the Internal Revenue Service with a Form 1099-Misc. The AICPA termed the requirement "burdensome."

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Intuit rewarded its top executives with hefty increases in compensation for the year ended July 31 as the company handed out substantial increases in stock awards compared to the prior fiscal year. The amounts brought the execs much closer to the paythey earned for fiscal 2008. And CEO Brad Smith had a very good year as his $13.9 million in total compensation was more than three times what he got in 2009, the depths of the economic downturn.

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This week looms as critical for the continuing availability of refund anticipation loans as the nation's two largest tax preparation chains face decisions about their programs. The key events are a scheduled hearing on H&R Block's suit against HSBC Bank and Jackson Hewitt's deadline for informing its lenders about its ability to get funding for its refund loans for consumers.

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