Practice Management

The U.S. Chamber of Commerce has sent a letter to Congress signed by 27 U.S. companies asking for a two-year easing of taxes on debt purchases to be included in economic stimulus legislation.

The Senate Finance Committee has approved Timothy Geithner as the next Treasury secretary despite concerns over his taxes.

Accounting firm Wipfli has created a task force to help companies cope with the financial crisis.

Treasury Secretary-designate Timothy Geithner apologized for his tax mistakes and promised reforms of both tax policy and the controversial Troubled Assets Relief Program during a confirmation hearing.

Taxpayers in Delaware, Illinois, New York and Rhode Island who file paper returns will be sending them to different Internal Revenue Service centers this year.

The House has approved legislation to close loopholes and provide more transparency in the controversial Troubled Assets Relief Program.

The inspiring inauguration of President Barack Obama marked a historic moment and is sure to signal some broad tax policy changes in his administration.

S corporations are the nation's most common corporate tax designations.

Current tax law allows corporations to obtain a Quick Refund from the IRS when they overpay estimated tax during the year.

Eighty-three of the 100 largest publicly traded U.S. corporations in terms of 2007 revenue reported having subsidiaries in jurisdictions listed as tax havens or financial privacy jurisdictions, according to a new report from the Government Accountability Office.