Finance

The House has passed legislation that would toughen the penalties for criminals who engage in identity theft through stolen tax returns.

A proposal from a top Senate Democrat could limit deductions for companies that moved their tax addresses out of the U.S. as long ago as 1994, according to a draft obtained by Bloomberg News.

An inspector general who disclosed the Internal Revenue Service’s extra scrutiny of Tea Party groups ignored the tax agency’s similar focus on groups backing Democrats, according to a report released today by Senate Democrats.

The full U.S. Court of Appeals in Washington will rehear a case on Obamacare tax subsidies, granting a government request in a move that may reduce chances of a new Supreme Court showdown over a central part of the law.

While the effort to pass federal legislation governing sales and use taxes on online purchases appears to have stalled, some states have begun their own initiatives to require online merchants to collect and remit taxes from e-commerce customers across state lines.

Two years after a single vote on the U.S. Supreme Court saved a core part of Obamacare, opponents are trying to topple the measure again, this time using a four-word phrase in the law.

Tax lawyer Robert Wellen’s telephone keeps ringing with calls from hedge-fund executives he’s never met.

The profession speaks out in favor of cash accounting

The Internal Revenue Service has released a set of long-delayed draft instructions for the forms that companies need to file to comply with the employer mandate in the Affordable Care Act.

Two top Republican lawmakers profited from a corporate tax-avoidance maneuver that the U.S. Treasury Department is seeking to curb.

There’s more than one way for a U.S. company to avoid taxes by claiming a foreign address.

The First Circuit has held that in determining the tax treatment of an FCA civil settlement, a court may consider factors beyond the mere presence or absence of a tax characterization agreement.

The perpetual drumbeat for tax reform continues to echo around Capitol Hill.

The Internal Revenue Service has issued a new one-page publication with information about exemptions to the health coverage requirements of the Affordable Care Act.

Governments that default on their sovereign debt could be falling victim to the absence of accrual accounting in most public sector entities, and the International Federation of Accountants wants to change that.

President Barack Obama won’t return campaign donations to executives, advisers and directors who have profited from offshore mergers that reduce corporate taxes using a technique he has called “unpatriotic.”

Senator Charles Schumer released a proposal today that would limit deductions available for U.S. companies that take a foreign address to reduce their taxes.

Six Democrats in Congress have sent a letter to President Obama, encouraging him to deny federal contracts to inverted corporations.

A group known as the Alliance for the Defense of Canadian Sovereignty has filed suit against the Canadian government challenging the constitutionality of an intergovernmental agreement between the U.S. and Canada to implement the Foreign Account Tax Compliance Act.

Big banks and wealthy investors are accused of benefiting from a tax credit program that is supposed to help poor communities, according to a new Senate report.