Finance

A bipartisan trio of lawmakers have introduced a bill that would update the existing tax law to allow formerly homeless young people to pursue a four-year college education and still qualify for housing built with Low Income Housing Tax Credits.

The chairman of the House Ways and Means Oversight Subcommittee demanded Tuesday that the Internal Revenue Service suspend a proposed regulation that would require banks to disclose the amount of interest paid to nonresident aliens.

New Jersey Governor Chris Christie has vetoed a controversial tax credit that was awarded to the MTV reality series “Jersey Shore.”

Republican presidential candidate Herman Cain pulled off an upset victory in the Florida straw poll over the weekend, campaigning on his 9-9-9 plan to cut taxes.

The Governmental Accounting Standards Board has extended the deadline until October 14 for constituents to comment on its recent proposals for improving the disclosures for pension accounting and financial reporting.

CCH has issued a new Tax Briefing on President Obama’s new deficit reduction plan, with its $1.5 trillion in tax increases.

The plan for Economic Growth and Deficit Reduction recently released by President Obama offers a view into specific tax provisions that Congress may be asked to enact before the end of the year.

The Center for Audit Quality, along with the Council of Institutional Investors and CFA Institute, have written to the leaders of the House Financial Services Committee urging them to resist efforts to exempt more public companies from compliance with the internal controls auditing provisions of the Sarbanes-Oxley Act.

The two leaders of the Senate Finance Committee have introduced legislation to make the simplified research and development tax credit permanent.

President Barack Obama introduced a $3 trillion deficit reduction plan on Monday that includes a new tax on millionaires, lower corporate tax rates, and the closing of tax loopholes and tax breaks, especially for the wealthy.

Canadian Finance Minister Jim Flaherty has written a letter to several U.S. newspapers about his concerns over recent efforts by the U.S. government to force banks into disclosing the financial information of dual U.S. and Canadian citizens and other Canadians.

President Barack Obama is expected to propose a new tax rate for millionaires as part of his long-term deficit reduction plan on Monday.

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.