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The latest developments in tax

Experts see brighter hopes for corporate tax reform, but not this year

President Obama said in his weekly address Saturday that Congress will be voting in the weeks ahead on the Buffett Rule, which would raise taxes on the wealthy.

The Internal Revenue Service has recently published its final regulations on public inspection of material relating to tax-exempt organizations, which affects organizations that were exempt but are no longer exempt from federal income tax, and organizations that were denied tax-exempt status.

The U.S. is set to have the highest combined federal and state statutory corporate tax rate in the industrialized world on Sunday, April 1, once Japan drops its top rate to 38.1 percent.

The Internal Revenue Service said it is giving an extension to enrolled agents whose renewal applications for their enrollments have been delayed due to a processing delay.

There’s good news and bad news to be found in the predictions of the tax business executives polled in the Tax Policy Forecast Survey.

A recent report from the Government Accountability Office called IRS Form 8938 and the FBAR "duplicative," often asking for the same or similar information.

The House has passed a Republican-sponsored budget alternative to President Obama’s fiscal 2013 budget, mostly based on the plan put forward by House Budget Committee Chairman Paul Ryan, R-Wisc., for creating only two tax brackets of just 10 and 25 percent.