Finance

The White House introduced the ability to generate a “federal taxpayer receipt” on its Web site Friday.

It’s doubtful whether the tax changes proposed by the President in his speech on Wednesday would generate much of a dent in the deficit, even if they were to be accepted by Congress.

President Obama signed legislation Thursday repealing the expanded 1099 reporting requirements in the health care reform law and Small Business Jobs Act.

A House committee has passed two bills that would prohibit people with seriously delinquent tax debts from receiving federal contracts or grants or serving as federal employees.

A bipartisan pair of senators has introduced a bill that would require most employers to file their W-2 forms electronically.

The House Ways and Means Committee held a hearing Wednesday on how the Tax Code’s burdens on individuals demonstrate the need for comprehensive tax reform.

President Obama outlined his plan for reducing the budget deficit by $4 trillion in the next 12 years during a speech Wednesday in which he said taxes would need to be raised on the wealthy and itemized deductions limited.

The eleventh-hour budget deal struck by the White House with Republican and Democratic congressional leaders to avert a government shutdown over the weekend depends to a large extent upon some accounting sleight of hand to achieve the claim of $38 billion in spending cuts.

A new study from Ernst & Young examines the impact on flow-through businesses of the tax reform proposals, and cautions against lowering corporate tax rates at the expense of S Corporations.

The Senate Finance Committee held a hearing Tuesday to examine tax administration systems around the world.

The American Institute of CPAs has joined up with the White House on a new initiative aimed at helping veterans and their families who want to start or grow a small business.

A pair of U.S. lawmakers has introduced a bill that would allow the courts to intercept tax refunds from delinquent debtors who owe restitution to victims or have outstanding court fees.

In the decade I've been at the helm of this publication, I'm always amazed - and disappointed - at the sort of double standard that exists when it comes to the treatment of the accounting profession versus other services in the wake of a crisis.

The Internal Revenue Service has warned that tax refunds may be delayed for paper-based tax returns in the event of a government shutdown.

The White House has debuted a new online calculator to help taxpayers understand how last December’s tax cut legislation is affecting their paychecks and household finances.

Congress held a hearing Wednesday on the role of the accounting profession in preventing another financial crisis, listening to testimony from accounting regulators, standard-setters and critics.

A bipartisan group of senators has introduced a bill that would end unemployment payments to jobless millionaires.

As Washington moves closer to the brink of a federal government shutdown, the battle lines are already being set for the next budget turf war.

House Republicans issued their fiscal year 2012 budget plan, including a provision that would lower the top tax rates for individuals and corporations to 25 percent.

The Senate voted Tuesday to repeal the expanded 1099 information reporting requirements in last year’s health care reform and small business laws, sending the repeal to President Obama’s desk.