Finance

Republican presidential candidates John Kasich and Rick Santorum have released their tax reform plans.

The Senate Finance Committee held a hearing on improper payments, including what role is played by tax preparers in claiming the Earned Income Tax Credit on behalf of clients.

Tax provisions that are likely to be passed – however late

Provisions that are likely to be passed – however late (slideshow version)

A group of Senate Democrats have unveiled a bill to provide more incentives for clean energy, including tax breaks.

Presidential candidate Sen. Bernie Sanders, I-Vt., along with Sen. Sherrod Brown, D-Ohio, and seven of their Democratic colleagues in the Senate, have introduced legislation to repeal a tax on so-called “Cadillac” health plans.

A new bipartisan effort to cancel Obamacare’s so-called Cadillac tax, the 40 percent levy on high-cost health insurance plans, adds a wrinkle to an impending fight in Congress.

President Barack Obama, seizing on a lifeline from Republican presidential candidates, is dusting off his campaign to end a tax break exploited by private-equity managers, venture capitalists and some hedge fund executives.

The tax-writing House Ways and Means Committee plans to hold votes Thursday on several Republican-sponsored bills that would make five temporary tax breaks into permanent parts of the Tax Code.

A group of Democratic lawmakers in Congress are urging the Treasury Department to crack down on corporations that use tax inversions to merge with foreign companies to lower their tax rates and publish a shame list of them.

Jeb Bush’s tax plan attempts to fuse disparate streams of Republican thinking on U.S. fiscal policy, moving beyond the base-broadening, rate-lowering mantra that has animated the party.

Get Thomas Rustici talking about the current state of U.S. economic policymaking, and the adjectives start flowing: Corrupt, worst, wasteful, bloated, dangerous.

The chairmen of Congress’s two main tax committees, House Ways and Means Committee chairman Paul Ryan, R-Wis., and Senate Finance Committee chairman Orrin Hatch, R-Utah, have written to Treasury Secretary Jacob Lew saying he should hold off on developing country-by-country reporting regulations for taxation of multinational corporations.

The Senate Appropriations Committee is proposing to increase the length of the Schedule EIC for claiming the Earned Income Tax Credit, requiring taxpayers to include much the same information on self-prepared returns that paid tax preparers are required to ask them on the EITC due diligence checklist.

Congress has passed a variety of tax provisions so far in 2015

Congressional stalling on tax reform, currency fluctuations and mixed signals from the Federal Reserve on an interest-rate hike are making strategic planning difficult for CFOs, according to a new survey by Grant Thornton.

Practitioners school Congress on tax complexity

Bloomberg BNA has released a new edition of Unclaimed Property, its Tax Management Portfolio on escheatment and unclaimed property laws.

It’s the beginning of the end of the filing date disconnect between foreign bank account reports and income tax returns.

After years of passing on more and more health-care costs to employees, companies are slowing their adoption of high-deductible plans next year, according to a survey of more than 100 large U.S. employers.