Finance

IMGCAP(1)]The impact of the financial crisis and resultant recession, even if now officially ended, continues to be felt.

President Obama’s State of the Union address gave a preview of several of the administration’s tax policies over the coming year, including tax incentives to encourage more U.S.-based multinational corporations to bring jobs back home.

President Barack Obama called for millionaires to shoulder a greater share of taxes, but also agreed to lower corporate taxes fpr companies that hire in the U.S., during his State of the Union address on Tuesday night.

Former Massachusetts Governor and Republican Presidential candidate Mitt Romney has released his tax return for 2010 and an estimate for 2011.

Newt Gingrich’s recently released tax returns show some questionable items, according to one tax expert.

Former Massachusetts Governor and Republican Presidential candidate Mitt Romney said he would release his 2010 tax return and an estimated tax return for 2011 on Tuesday in the wake of a stinging defeat in the South Carolina primary and renewed pressure from fellow Republicans.

The Public Company Accounting Oversight Board is continuing to prod officials in Washington for the power to make public its disciplinary proceedings against auditing firms and auditors.

Republican Presidential candidate Newt Gingrich released his income tax returns as pressure mounted on rival candidate Mitt Romney to do the same.

Republican Presidential candidate Rick Santorum’s tax plan would reduce federal tax revenues substantially, according to a preliminary analysis by the Tax Policy Center.

Rep. Sander Levin, D-Mich., the ranking Democrat on the tax-writing House Ways and Means Committee, said Wednesday he would re-introduce legislation later this year to end the tax break on carried interest income.

A White House-appointed group of business, academic and labor leaders recommended corporate tax reforms and other measures to increase jobs and improve the economy.

Republican Presidential candidate Mitt Romney reversed course and, under pressure from rival candidates, said that he would release his tax returns, probably around April 15.

The Government Accountability Office has provided Congress with a guide for screening and assessing proposals to disclose confidential tax information to specific parties for certain purposes.

President Obama proposed Friday to consolidate six major federal departments and agencies that oversee various aspects of business in the U.S., including the Commerce Department and the Small Business Administration.

President Barack Obama plans to include tax incentives in his fiscal 2013 budget to encourage more U.S.-based multinational companies to relocate jobs from foreign countries back home.

IMGCAP(1)]A new bill making its way through Congress has the potential to change the world of e-commerce quite drastically and hurt the viability of small businesses across the country to compete in a growing sector of our economy.

The unemployment rate fell two-tenths of a percentage point to 8.5 percent, the lowest level since February 2009, the U.S. Bureau of Labor Statistics reported Friday, as employers added 200,000 jobs.

With individual filing season underway, it’s questionable how many taxpayers are aware of their use tax obligations, and actually track their Internet purchases during the year in order to accurately report and pay them.

President Obama may have run afoul of the Constitution in using a recess appointment to appoint Richard Cordray as the director of the nascent Consumer Financial Protection Bureau, but the need for the bureau to take action has been growing.

Retirees will be receiving a 3.6 percent increase in their monthly Social Security and Supplementary Security Income benefits in 2012.