The Latest

The Financial Accounting Standards Board has taken a step back on previous plans to require companies to report all of their financial instruments at fair value.

Senate Finance Committee Chairman Max Baucus, D-Mont., and Senate Majority Leader Harry Reid, D-Nev., have introduced and pledged to pass a bill to repeal the expanded 1099 reporting requirements in the health care reform bill.

The regulatory structure applicable to financial planners covers the great majority of their services, but the attention paid to enforcing existing regulation can vary and certain consumer protection issues remain, according to a new report from the Government Accountability Office.

Gaithersburg, Maryland-based DeLeon & Stang has reported losses—to the waistlines of 19 team members who completed a six-week Corporate Fit Challenge in November.

IMGCAP(1)]“To the Cloud!” proclaims a Microsoft Windows 7 television commercial that began running last fall.

The alpaca industry in the U.S. is poised to soar, thanks to generous government tax breaks.

Actress Jaime Pressly is reportedly facing tax liens from the IRS and the state of California totaling over $637,000.

A Washington think tank, the Center for Economic and Policy Research, has released a report recommending a tax on financial speculation as a way to help solve the federal government’s long-term budget deficits.

The Internal Revenue Service has provided a dispensation for tax preparers who have tried unsuccessfully to register for a Preparer Tax Identification Number so they can go ahead and prepare tax returns for compensation, even though they have not yet received a PTIN.

Senate Minority Leader Mitch McConnell, R-Ken., said he expects President Obama to call for lowering the corporate income tax rate during the president’s State of the Union address on Tuesday evening.