Jackson Hewitt Tax Service has been notified by the New York Stock Exchange that the company's common shares have fallen below the exchange's requirement that listed stocks have a minimum average share price of $1 per during a consecutive 30-day trading period. The company has until six months from receipt of the notice to meet the requirement or face possible delisting of its stock. It was the second such notice this year.

WASHINGTON --The Internal Revenue Service has released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business healthcare tax credit. The form will be used when income tax returns are filed in 2011. The IRS also announced how eligible tax-exempt organizations can claim the credit during next year's filing season.

ALEXANDRIA. Va.- The National Society of Accountants is opposing a possible  exemption of CPA firm staff members from proposed Internal Revenue Service rules that would require Preparer Tax Identification Numbers for all professionals involved in preparing tax returns. In a prepared statement, NSA EVP John Ams said that the IRS proposals had been the result of work by organizations that produced what was felt to be a fair and equitable registration process.

WASHINGTON - The U.S. Department of the Treasury is planning a pilot program of direct deposit of tax refunds for low- and moderate-income individuals. It would enable them to open new accounts that can be accessed via debit cards.