The Latest

A bipartisan group of 75 lawmakers has written to IRS Commissioner Doug Shulman asking him to fix inequities in the Tax Code that place married same-sex couples and registered domestic partners at a disadvantage.

The two leaders of the Senate Finance Committee have introduced legislation to make the simplified research and development tax credit permanent.

IMGCAP(1)]Paul V. Thompson, EA, ABA, ATA, ARA, of Alexandia, Va., was named Accountant of the Year by the National Society of Accountants at its 66th annual meeting, held here.

The Internal Revenue Service and the Labor Department have signed a memorandum of understanding to improve the agencies’ coordination on stopping businesses from misclassifying employees as independent contractors to avoid providing employment protection.

President Barack Obama introduced a $3 trillion deficit reduction plan on Monday that includes a new tax on millionaires, lower corporate tax rates, and the closing of tax loopholes and tax breaks, especially for the wealthy.

Canadian Finance Minister Jim Flaherty has written a letter to several U.S. newspapers about his concerns over recent efforts by the U.S. government to force banks into disclosing the financial information of dual U.S. and Canadian citizens and other Canadians.

Credit Suisse has reached an agreement with German prosecutors to pay 150 million euros, or approximately $204 million, to resolve a tax dispute stemming from secret accounts at the Swiss bank belonging to German citizens.

Taxpayers who tried to appeal a tax lien or levy for unpaid taxes to the Internal Revenue Service’s Office of Appeals did not always receive the right kind of hearing or their requests were sometimes misclassified, according to a new report.

YouTube is the second largest search engine in the world for a reason: people like video.

President Barack Obama is expected to propose a new tax rate for millionaires as part of his long-term deficit reduction plan on Monday.