Finance

President Barack Obama threw the weight of the White House behind an effort that would make it harder for brokers to push higher-fee mutual funds or other expensive products on people saving for retirement.

A new report from the National Academy of Sciences explains how the U.S. is falling behind other nations, including Spain, the United Kingdom, Canada and the European Union, in combating illicit tobacco sales and tobacco tax abuse.

Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first week of March when they receive the correct information from the federal government.

The Centers for Medicare and Medicaid Services on Friday morning announced it will implement a special enrollment period for individuals who learn, at the time they file their taxes, of the Affordable Care Act-mandated tax penalty for not having health insurance coverage.

The Treasury Department said Wednesday that it would delay enforcement of an Affordable Care Act prohibition relating to standalone health reimbursement arrangements until July 1.

A group of plaintiffs are suing the Treasury Department, the Social Security Administration, and the District of Columbia, claiming the federal government is continuing to hold onto their tax refunds to pay for supposed overpayments of Social Security benefits decades ago.

Tonya Keith typically spends four to eight hours doing her taxes each year. This year, she says, “I’ve got about 30 hours in, and I’m not done.” The reason: She and her wife got married last year in Seattle, but they live in Georgia, which doesn’t recognize their marriage.

House Republicans won’t agree to fix Obamacare if the U.S. Supreme Court rules that the law bars health-insurance subsidies for millions of people, said House Ways and Means Committee Chairman Paul Ryan.

Sen. Rob Portman, R-Ohio, and Congressman Charles Boustany, R-La., have re-introduced a bill in Congress aimed at enabling Enrolled Agents to advertise their credential in more states.

The U.S. House of Representatives voted to revive a lapsed tax break for small businesses that encourages them to purchase equipment.

The House of Representatives voted to revive three U.S. tax breaks that encourage charitable giving in a bipartisan challenge to President Barack Obama’s threat to veto the measure.

The House Ways and Means Committee voted to expand college savings tax incentives that President Barack Obama proposed limiting earlier this year.

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.