Finance

President Obama signed the patent reform bill into law on Friday with provisions outlawing patents on tax strategies.

Will $447 billion in new taxes help to create jobs, or kill them?

The Treasury Department and the Internal Revenue Service are asking for input from the public on a proposed safe harbor under the health care reform law that would make it easier for employers to determine whether the health insurance coverage they are offering to employees is considered “affordable.”

President Obama released his jobs bill, known as the American Jobs Act, to Congress on Monday, with tax credits for new hires and an expansion of the payroll tax cut.

This fall, our town, I'm sure like many others throughout the country, will hold elections. The posts being contested during this cycle are for supervisor as well as several openings on the town board.

Claims from tax whistleblowers can take years to get through the Internal Revenue Service’s review and award determination process, according to a new report from the Government Accountability Office.

Despite all the new tax regulations, registration requirements, and the promise of new tax legislation, there’s one thing that return preparers can eliminate from their worry list: tax strategy patents.

President Obama addressed a joint session of Congress on Thursday evening to present a jobs bill containing an expansion of the payroll tax cut, tax breaks for new hires and salary raises, and other tax reform measures.

The Senate approved a patent reform bill on Thursday containing provisions that eliminate patents on tax strategies.

A bipartisan trio of senators has introduced legislation that would foster the growth of S corporations owned by Employee Stock Ownership Plans, or S-ESOPs.

Republican presidential candidate Mitt Romney introduced a 160-page plan for generating jobs and economic growth, including reductions in the corporate tax rate, along with the elimination of taxes on capital gains, interest and dividends.

Labor unions representing registered nurses have organized protests outside the offices of 61 members of Congress calling on lawmakers to support a Wall Street transaction tax.

The U.S. Bureau of Labor Statistics reported Friday that nonfarm payroll employment was essentially unchanged in August, with a net gain of zero jobs and the unemployment rate stuck at 9.1 percent.

Republican presidential candidate Jon Huntsman described his plans for tax and regulatory reform during a campaign appearance in New Hampshire.

Rep. Michele Bachmann, R-Minn., called for cuts in corporate taxes and the elimination of capital gains and estate taxes in a speech last weekend as she campaigned for the Republican presidential nomination.

The IRS said its summer 2011 issue of the Statistics of Income Bulletin is now available.

A new report from the Treasury Inspector General for Tax Administration concludes that the IRS needs to improve the timeliness and accuracy of its response to taxpayer complaints about math error adjustments.

Governor Andrew Cuomo has signed a CPA mobility bill into law in New York State.

The Securities and Exchange Commission has been asked to respond to allegations that it destroyed documents relating to thousands of investigations.

President Obama has been pushing to extend the 2-percentage-point cut in the payroll tax through next year, but this is one tax cut that his opponents in Congress may not agree to allow.