Finance

While the passage of this season’s extenders bill was widely anticipated before the end of 2015, it nevertheless contained some surprises for many observers.

A large number of important tax changes go into effect for partnerships this year, along with due dates for business tax returns.

Tax reform is on the horizon, but the horizon likely extends beyond 2016, according to Marc Gerson, tax partner at Miller & Chevalier and former majority tax counsel to the House Ways and Means Committee.

Perhaps the only consensus in U.S. politics is that the Byzantine and loophole-riddled corporate tax code needs reform.

A large number of important tax changes go into effect this year for businesses.

Bloomberg BNA is releasing its annual report on the year ahead in tax and accounting, containing a collection of over 20 articles from its reporters on the outlook for tax legislation, international taxation, state taxes, Supreme Court tax cases, accounting standards and other topics.

President Obama proposed to expand tax cuts for low-income workers who don’t have children during his State of the Union address.

Democratic presidential candidate Hillary Clinton on Monday tweaked opponent Bernie Sanders for not yet releasing his tax proposals, adding yet another issue to her list of policy complaints about the Vermont senator who is rapidly gaining on her in many polls.

Hillary Clinton is calling for a 4 percent tax surcharge on Americans making more than $5 million annually, a move that would lead to the highest top U.S. income tax rate in 30 years.

Rep. Tom Reed, R-N.Y., has proposed to require nonprofit colleges and universities to dedicate 25 percent of their annual endowment income to financial aid. If they don’t, they could lose their tax-exempt status.

Republican presidential candidate and famed neurosurgeon Ben Carson has released a flat tax plan as he aims to revive his candidacy.

Democratic presidential front-runner Hillary Clinton will unveil proposals this month that will “go beyond the Buffett Rule” to raise the effective tax rates paid by the wealthiest Americans, she said Saturday.

Critical tax legislation and court decisions from last year

Critical tax legislation and court decisions from last year

Tax provisions in the new transportation funding act

The House has approved tax extenders legislation that makes a number of the periodically expiring tax breaks into permanent features of the tax code.

A set of delays on Obamacare-related taxes in the new federal spending bill will give corporate earnings a modest boost but are unlikely to undo the law or produce significant changes in the health-care industry.

Congressional leaders unveiled a wide-ranging deal on tax extenders, making some items permanent.

Congressional leaders unveiled a broad package of spending and tax legislation that would avert a U.S. government shutdown and lift the 40-year-old ban on crude oil exports.

Senate negotiators are nearing a deal to allow unfettered U.S. crude oil exports for the first time in 40 years, though differences remain on renewable-energy tax credits that Democrats are demanding in return, according to people close to the discussions.