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March 2006 Archives

Record Bankruptcy Filings in 2005

Bankruptcy filings in the federal courts skyrocketed a record 30 percent in calendar year 2005, according to data released by the Administrative Office of the U.S. Courts. The increase in calendar year 2005 occurred largely in response to the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 [PDF], as many debtors filed petitions before the law's general effective date of October 17, 2005.

The Internal Revenue Service announced an agreement with two tax professional associations to assist taxpayers impacted by Hurricanes Katrina, Rita and Wilma. Volunteers at IRS' Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) sites are now able to refer hurricane-affected taxpayers needing help with relatively complex tax issues to participating members of the American Institute of Certified Public Accountants (AICPA) or the American Association of Attorney-Certified Public Accountants (AAA-CPA) for free return preparation assistance.

New South Dakota Law Bans Most Abortions

Mounting a challenge to the 1973 U.S. Supreme Court decision in Roe v. Wade, South Dakota governor Mike Rounds signed legislation that would ban most abortions in the state. The South Dakota Women's Health and Human Life Protection Act would make it illegal for doctors to perform abortions unless the procedure is deemed necessary in order to save the woman's life.

Report: Illegal Immigrant Population Almost 12 Million

The population of illegal immigrants in the U.S. is estimated at almost 12 million, according to a report released by the Pew Hispanic Center, a nonpartisan research organization supported by The Pew Charitable Trusts.