Finance

The House has approved legislation to provide tax cuts to small businesses and extend the Build America Bonds program to spur job creation.

The Internal Revenue Service has launched a Web-based tool that allows taxpayers to check to see if they received an Economic Recovery Payment last year.

Keith S. Fimian and Pat Herrity are part of a growing trend this year: CPAs running for a seat in Congress.

President Obama signed historic legislation reforming health care insurance, providing tax credits to individuals and small businesses to help them buy insurance through state-based exchanges.

The Senate Banking Committee voted along party lines to approve the financial regulatory reform bill introduced last week by Chairman Christopher Dodd, D-Conn.

Treasury Secretary Timothy Geithner said lawmakers should reject amendments designed to weaken the financial regulatory reform bill.

Senate Banking Committee Chairman Christopher Dodd, D-Conn., has asked the Justice Department to investigate the activities of Lehman Brothers and other companies that may have engaged in similar accounting manipulations, as well as to prosecute those who broke the law.

The House has approved health care reform legislation after a tense series of negotiations that left the vote in doubt until a group of pro-life Democrats agreed to support the bill after receiving assurances that President Obama would issue an executive order prohibiting federal funding of abortions.

California Secretary of State Deborah Bowen, the state’s top elected Democrat, has rejected Republican congressional candidate Phil Liberatore’s ballot designation, alleging that Liberatore’s description as "IRS Problem Solver," is overly broad and associated with an entity or organization.

The House Financial Services Committee plans to probe the regulatory failures that led up to the collapse of Lehman Brothers after a bankruptcy examiner released a damning report last week on the investment bank’s accounting manipulations.

The health care reform reconciliation bill makes a number of adjustments in the excise taxes on so-called “Cadillac” insurance plans and medical device makers, along with Medicare taxes and the fees imposed on pharmaceutical companies.

The jobs bill signed by President Obama on Thursday includes various revenue-raising provisions that would put foreign financial institutions with U.S. taxpayers under a new reporting and tax regime.

President Obama has signed legislation that provides employers with tax incentives to hire unemployed workers.

One week after California CPA Phil Liberatore announced he was running for a congressional seat in that state's 42nd district, former New York lawmaker and Arthur Andersen partner Joseph DioGuardi announced he is challenging Sen. Kirsten Gillibrand, D-N.Y., for her Senate seat.

The Senate has approved legislation that provides companies with a payroll tax exemption for hiring new employees.

Sen. Christopher Dodd, D-Conn., has released a draft version of the financial regulatory reform legislation that he has been working to write since the House passed its own legislation last December.

Rep. Rush Holt, D-N.J., has introduced legislation to encourage small business investment and job creation by expanding the research and development tax credit.

Despite its significant tax increases, President Obama's 2011 $3.8 trillion budget plan contains a number of revenue provisions calculated to encourage business expansion and move the economy upward.

A group of senators has asked executives overseeing the Boys & Girls Clubs of America to account for the high salaries, perks, executive retirement plans and lobbying expenses at the nonprofit group.

Phil Liberatore, a CPA and the founder of a business called IRS Problem Solvers, has launched a congressional campaign challenging a Republican incumbent from the right.