Finance

The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.

The “job creators” are fighting back on tax policy—against their Republican allies.

One of the Democratic Party’s favorite applause lines is getting another turn in the spotlight: hit hedge-fund millionaires with the same taxes as the working class.

Lawmakers in the House and Senate have re-introduced legislation to encourage the creation of employee stock ownership plans in S Corporations.

Companies with non-U.S. earnings parked overseas should start contemplating what they will do with the money if tax repatriation legislation is passed.

More Americans living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before, according to data released Thursday by the IRS.

A pair of senators introduced legislation Monday to expand access to tax-exempt bonds and federal tax credits to provide more money to state and local governments to spend on fixing the nation’s aging infrastructure.

Leaders of the Senate Finance Committee are being inundated with suggestions for tax reform, despite the limited prospects for comprehensive reform ahead of next year’s elections.

The AICPA identified eight issues it believes are essential for Congress to consider in order to achieve small business tax reform in written testimony submitted last week to the House Small Business Committee for the record of the hearing the committee held on April 15, 2015 entitled, “Tax Reform: Ensuring that Main Street Isn’t Left Behind.”

House Speaker John Boehner said a long-sought overhaul of U.S. corporate tax law has barely an even chance of being enacted by Congress this year, though both chambers are under Republican control.

Rep. Bonnie Watson Coleman, D-N.J., has introduced legislation that would provide relief to low-income and economically vulnerable Americans who would otherwise be subject to wage garnishments by the Internal Revenue Service.

To mark Earth Day, Congressman John K. Delaney, D-Md., said he plans to introduce legislation later this spring to tax greenhouse gas emissions in response to climate change concerns.

A group of Democratic lawmakers in the House and Senate have re-introduced legislation that would ban federal contracts for companies that move their headquarters overseas, but only on paper, in order to avoid paying U.S. taxes.

Sen. Ron Wyden, D-Ore., the ranking Democratic member on the Senate Finance Committee, has introduced legislation to support health coverage for unemployed and retired workers.

The U.S. House voted this week to keep the Internal Revenue Service from hitting the nation’s wealthiest mega-donors with gift taxes for their political contributions.

It’s no surprise that tax rates affect economic behavior.

The U.S. House of Representatives voted to let taxpayers deduct state sales taxes on their federal returns, a victory for residents of Texas, Florida and other states that lack an income tax.

The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation.

Internal Revenue Service Commissioner John Koskinen has sent a message of thanks to tax professionals and their partners for managing to get through a “challenging” tax season.

The American Institute of CPAs has sent a set of proposals outlining its recommendations for permanent tax provisions related to disaster relief.