Finance

I testified two times before the House Ways and Means Committee, in June 1980 and June 1985.

Republican presidential candidates Mike Huckabee and Ben Carson proposed simple-sounding tax plans during Thursday’s debate in Cleveland. How do their proposals square with the facts?

The National Society of Accountants has sent a letter to every member of Congress urging them to enact legislation to support a Tax Practitioners Bill of Rights that the organization issued in June and increase funding for the Internal Revenue Service.

A bipartisan U.S. Senate bill that would revive and extend dozens of lapsed tax breaks would spur economic growth and cover about 11 percent of its own costs, according to Congress’s nonpartisan scorekeeper.

Congress has effectively overruled the Supreme Court by extending the time period for auditing certain types of tax returns.

Business executives are giving mixed predictions on when and if tax reform will finally happen in Washington, in a new survey.

A short-term highway-funding bill passed by the Senate on Thursday contains a number of tax-related provisions, including changing the due dates for partnership and C corporation tax returns.

Is it too early to start thinking about tax extenders? Not according to Kathleen King, managing director of Alvarez & Marshall Taxand’s Washington, D.C., office.

Tax savings drove the acquisition strategy of Valeant Pharmaceuticals International Inc. and led to Burger King’s move to Canada, according to a U.S. Senate committee report.

House Ways and Means Committee members Charles Boustany, R-La., and Richard Neal, D-Mass., have released a bipartisan proposal to create a so-called “innovation box,” a lower tax rate on income derived from intellectual property to encourage more multinational companies to keep intangible assets in the U.S.

The union representing Internal Revenue Service employees is denouncing a provision in the pending highway funding bill that would require the Treasury Secretary to contract with private collection agencies as an offset for some of the costs of extending funding for the Highway Trust Fund.

The Senate Finance Committee passed a tax extenders bill Tuesday with a bipartisan vote of 23 to 3 that extends over 50 tax breaks for two years.

House Democrats introduced two bills to shore up the Highway Trust Fund with money from corporate taxes.

Rep. Sander Levin, D-Mich., the ranking Democrat on the tax-writing House Ways and Means Committee, has introduced legislation to clarify equal treatment for all married couples under the U.S. tax code in response to the Supreme Court's ruling last month allowing same-sex marriage in every state.

Senate Finance Committee chairman Orrin Hatch, R-Utah, and ranking Democratic member Ron Wyden, D-Ore., said Friday the committee will markup a tax extenders bill next Tuesday.

A coalition of employers and trade associations from a variety of different industries are asking Congress to clarify the rules for determining eligibility for tax credits for health insurance.

The U.S. House of Representatives voted to extend highway and transit funding through Dec. 18, in contrast with Senate Republicans who want a longer extension.

Republican presidential candidate Rand Paul sued the Treasury Department and Internal Revenue Service over rules on how Americans abroad are taxed and what foreign banks must disclose about U.S. customers.

House Republicans are proposing to tighten tax-compliance rules to keep the U.S. highway fund solvent through mid-December.

Senate Democrats have introduced legislation to make the Tax Code gender neutral in the wake of the Supreme Court’s ruling last month extending same-sex marriages to every state.