Finance

Rep. Jason Chaffetz, R-Utah, and a bipartisan group of lawmakers have teamed up to introduce new legislation that aims to make it easier for states and localities to collect sales taxes on online purchases and other remote transactions.

The Vatican has signed an intergovernmental agreement with the U.S. Treasury Department to implement the Foreign Account Tax Compliance Act, or FATCA.

The House introduced legislation that aims to make it easier for individuals, employers, states and the federal government to determine who is eligible for premium tax credits under the Affordable Care Act.

The House approved legislation by voice vote permanently banning states from taxing Internet access or placing multiple or discriminatory taxes on e-commerce.

Republican leaders of Congress’s two tax-writing committees are questioning recommendations from the Organization of Economic Cooperation and Development aimed at stopping multinational corporations from shifting their profits to low-tax countries.

Trade groups representing the banking, credit union and financial services industry are sounding the alarm over a provision in a bill already passed by the Senate that would require them to report information to the Internal Revenue Service on both interest-bearing and non-interest-bearing accounts.

The House Judiciary Committee, through its Subcommittee on Regulatory Reform, Commercial and Antitrust Law, held a hearing Tuesday on nexus issues involving three bills before the Committee.

Sen. John Cornyn, R-Texas, and Rep. Sam Johnson, R-Texas, have re-introduced a bill aimed at preventing fraud in the provision of Individual Taxpayer Identification Numbers to undocumented immigrants.

The House of Representatives voted to revive the tax credit for corporate research and make it a permanent feature of U.S. law.

A bipartisan group of lawmakers has introduced legislation in the House that would make the current adoption tax credit fully refundable.

Any major changes to private equity’s most favored tax break won’t happen until 2017, House Ways and Means Committee Chairman Paul Ryan said.

House Ways and Means Committee chairman Paul Ryan, R-Wis., explained his tax reform plans Tuesday during a speech before the American Institute of CPAs at the AICPA’s Spring Meeting of Council in Washington, D.C.

Lawmakers have introduced legislation that would provide a month-long safe harbor from income tax and withholding requirements for traveling employees and their employers.

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.