Finance

Wolters Kluwer Tax & Accounting US (formerly known as CCH) has released a new report examining the tax implications of the White House’s recently released budget blueprint for fiscal year 2016.

U.S. House members pressed the Internal Revenue Service to go easier on cash-dependent small businesses that are at risk of having assets seized by the tax agency.

A group of senators have re-introduced bipartisan legislation to permanently prohibit taxes on Internet access.

Makers of propane and hard cider are among the likely winners as the U.S. Senate Finance Committee prepares to vote this week on a package of tax breaks.

A pair of senators, Jack Reed, D-R.I., and Chuck Grassley, R-Iowa, have introduced bipartisan legislation aimed at preventing companies from deducting the penalties that have been agreed to in settlements with the government from their taxes.

The American Institute of CPAs is asking the Senate to quickly approve several income tax treaties with other countries that have been awaiting ratification for years.

Three Republican lawmakers are calling on the Social Security Administration to work with the Internal Revenue Service to do more to stop fraudulent claims for the Earned Income Tax Credit, particularly by the self-employed.

Republican lawmakers are doing something surprising with President Barack Obama’s proposal to tax U.S. companies’ overseas profits. They’re calling it constructive.

The U.S. House Ways and Means Committee voted to revive and permanently extend six lapsed tax breaks that would help small businesses and people who make charitable contributions.

The Securities and Exchange Commission voted Wednesday to approve the Public Company Accounting Oversight Board’s 2015 budget and annual accounting support fee, which were both lower than last year.

The U.S. Treasury Department and the Department of Education are working with H&R Block and Intuit this tax season to raise awareness of the income-based repayment options for federal student loan borrowers.

President Barack Obama’s proposal to tax the offshore profits of U.S. corporations could encourage all but the largest companies to follow their cash hoard overseas, according to business leaders and tax lawyers.

Rules from the Internal Revenue Service that would limit nonprofit groups' involvement in politics may not be enforced before the 2016 election, IRS Commissioner John Koskinen said Tuesday.

A group of senators have introduced legislation aimed at enhancing the tax breaks available in Section 529 college savings plans, only days after the Obama administration backed away from a proposal to tax new contributions to such plans.

President Barack Obama’s latest budget plan narrows the gap between the two parties on U.S. business taxes, offering the glimmer of a potential agreement.

President Barack Obama wants to remove a tax benefit for college sports fans.

The Obama administration has released its fiscal year 2016 budget tax proposals, which would raise taxes on the wealthy and multinational corporations stashing profits offshore, while promising middle-class tax cuts.

President Barack Obama sent a $4 trillion budget blueprint to Congress today that would raise taxes on corporations and the nation’s top earners, fund major investments in infrastructure and education and stabilize, but not eliminate, the annual U.S. budget deficit.

Senators Rand Paul and Barbara Boxer are proposing a tax incentive for U.S. companies to bring home their offshore cash stockpiles and pledging to use that revenue to fund highways.

The best-laid estate plans just got muddled.