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Corporations that issued stock options to their executives claimed tax deductions that were collectively $52 billion larger than the expenses shown on their books in 2008, according to newly released data.

Senate Finance Committee Chairman Max Baucus, D-Mont., has scaled back the carried interest and S corporation tax provisions, in addition to several others, after the tax extenders and unemployment legislation hit a speed bump in the Senate.

The upper and lower houses of the Swiss Parliament have ratified a deal between the Swiss and U.S. governments to share information on approximately 4,450 U.S.-based customers of Swiss bank UBS with the U.S. government.

The Senate has approved an amendment to extend the closing deadline for homebuyers who qualified for the First-Time Homebuyer Tax Credit.

Ascend, anorganization dedicated to enhancing the presence and influence of current andfuture business leaders of Asian and Pacific Islander descent, has announcedfive scholarships for college students engaged in business-related studies.

IMGCAP(1)]When you think about how to increase your firm's profits, what comes to mind? My guess is that training and learning may not make your short list. Soft skills are even less likely to make the cut. The reality is that preparation precedes profits, and many firms miss out on great earning opportunities because they do not invest enough in training their people the right way.

The Senate voted down an attempt to repeal $35 billion in tax breaks handed out to oil and natural gas companies, even as Washington professed to be getting tough with the oil companies.

The Federal Reserve issued new rules to cut penalties and other fees charged by credit card companies.

The tax extender and unemployment benefits bill failed to clear a 60-vote hurdle in the Senate on Wednesday.

Payroll services company CompuPay has partnered with online business incorporation provider BizFilings to provide discounted CompuPay payroll services to BizFilings’ customers and BizFilings special offers to CompuPay clients.