Finance

The House held a hearing Thursday to discuss small business perspectives on the tax cliff, hearing testimony from a representative of the American Institute of CPAs and other witnesses.

A high-ranking Internal Revenue Service official told a congressional panel that the agency is not planning to use tactics like tax liens and levies to make sure taxpayers are properly complying with the new health care reform law.

CCH has published a special report comparing the tax policies and proposals of President Barack Obama with his Republican rival Mitt Romney.

Financial Executives International has begun scoring members of Congress on how well their votes match FEI’s legislative priorities.

Republican presidential nominee Mitt Romney cited a group of economic studies to show that his tax-cut plan won’t increase the U.S. budget deficit or shift the tax burden to middle-income taxpayers.

President Barack Obama critiqued his rival Mitt Romney's tax reform plans during his acceptance speech at the Democratic National Convention, comparing Republican proposals to a doctor's standard prescription.

PricewaterhouseCoopers said it is working with the U.S. Secret Service after allegations that the tax returns of client Mitt Romney were stolen.

Former President Bill Clinton delivered a scathing indictment of Republican presidential candidate Mitt Romney and vice presidential candidate Paul Ryan’s economic and tax plans to an enthusiastic crowd at the Democratic National Convention, exhorting the crowd to re-elect President Barack Obama.

A pilot program aimed at providing tax refunds on prepaid debit cards ran into a series of problems before the Treasury Department ultimately discontinued it.

Republican presidential nominee Mitt Romney told an enthusiastic Republican National Convention that unlike his rival Barack Obama, he would not raise taxes on small businesses or the middle class.

The Internal Revenue Service has stepped up its efforts to investigate possible misconduct in the municipal bond sector, more than doubling the number of examinations it conducts per year.

The Senate Finance Committee has released the legislative text of the tax extenders bill, spelling out the reasons for extending certain tax breaks or for letting them expire, along with dissenting views from a trio of senators.

Republicans are pitching their tax overhaul plan on the appeal of lower rates and a simpler system—and figuring that voters won’t mind the lack of details about the potential pain.

Republican presidential candidate Mitt Romney and his wife, Ann, have used sophisticated estate- planning techniques for more than a decade to minimize taxes and amass at least $100 million for their family outside of their estate.

Three Republicans from the House Committee on Oversight and Government have written a letter to IRS Commissioner Doug Shulman demanding he explain a recent rule that would extend tax credits to individuals who buy health insurance from an exchange set up by the federal government when their state has failed to set up such an exchange.

The Securities and Exchange Commission is paying nearly $50,000 to a whistleblower who helped prevent a multimillion-dollar securities fraud, in the first award paid under a new whistleblower program.

Illinois Governor Pat Quinn has signed legislation imposing a new tax on strip clubs that will be used to fund assistance to victims of sexual assault.

Republican vice presidential candidate Paul Ryan paid effective federal tax rates of 20 percent in 2011 and 15.9 percent in 2010, tax returns released Friday night show.

The Obama campaign offered to stop asking for copies of Republic presidential candidate Mitt Romney’s tax returns if he would release five years’ worth in total. The Romney camp declined.

Rep. Paul Ryan, R-Wis., Mitt Romney’s choice as vice presidential running mate, said he planned to release two years of tax returns to the public, even though he submitted several more years of tax returns to the Romney campaign during the vetting process.