Finance

The Senate Finance Committee has scheduled a session on Thursday to mark up an extenders bill for the dozens of tax break provisions that expired at the end of 2011, or that will expire at the end of this year.

Grant Thornton's Stephen Chipman on the new Private Company Council

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

If you’re an Olympic gymnast and you fail to do all of the moves in a compulsory routine, you’re subject to a mandatory deduction. Does the same thing apply to tax deductions?

The Internal Revenue Service has begun processing more claims under its whistleblower program, paying over 90 awards since October 2011, after an influential senator held up confirmation of two high-ranking Treasury Department officials.

Mitt Romney, the presumptive Republican presidential nominee, admitted he has been audited by the Internal Revenue Service.

Democrats on the House Ways and Means Committee introduced on Monday a version of the middle-class tax cut extension legislation that passed the Senate last week.

Rep. Dave Camp, R-Mich., the chairman of the tax-writing House Ways and Means Committee, is scheduled to undergo treatment for non-Hodgkins lymphoma.

A House subcommittee held a hearing to examine the impact of the Sarbanes-Oxley Act of 2002, which marks its 10th anniversary this coming Sunday.

Speaker of the House John Boehner, R-Ohio, said he would allow a vote next week on legislation that House Democrats plan to introduce to extend the expiring Bush tax cuts for middle-class taxpayers, while Republicans also plan a vote on their own proposal to extend tax cuts for taxpayers at all income levels.

House Republicans have charted a course for expedited tax reforms next year in case they control Congress and the White House.

The Governmental Accounting Standards Board has issued an updated guide to help people better understand the financial statements of state and local governments.

Democrats on the House Ways and Means Committee introduced two pieces of legislation Thursday to provide tax credits for clean energy manufacturing and renew the Build America Bonds program.

The Senate voted mostly along party to pass a Democratic bill to extend the Bush tax cuts for household incomes below $250,000 a year after rejecting a Republican bill to extend them for taxpayers at all income levels.

The House has voted to audit the Federal Reserve, backing an issue promoted by Rep. Ron Paul, R-Texas, in his presidential campaigns.

The Senate Finance Committee held a hearing Wednesday to look at access to education and tax reform, whether the complex array of tax incentives are contributing to the increasing cost of a college education.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday to examine tax compliance issues surrounding public charities, the rules governing their profit-making activities, and whether the newly redesigned Form 990 is promoting increased compliance and transparency.

Senate Democrats, who are united in support of higher income tax rates for millionaires and billionaires, are paralyzed by disagreements on how to tax the estates of the wealthiest Americans.

With an eye toward wins in the November elections, House Republicans introduced legislation Tuesday that aims to streamline the procedures for enacting tax reforms next year.

The House Judiciary Committee held a hearing Tuesday on legislation to force online retailers to charge sales taxes to customers, even as industry groups banded together to oppose the bill and others like it.