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Senate Republicans united in blocking a vote on legislation to provide tax breaks to small businesses along with a $30 billion lending fund.
July 30 -
Senior financial executives and tax directors say they lack formal policies and procedures to manage the IRS exam process effectively, despite reporting a noticeable increase in Internal Revenue Service corporate audit activity over 2008 levels, according to a recent survey by KPMG LLP.
July 29 -
The House ethics committee laid out a series of charges against Congressman Charles Rangel, D-N.Y., on Thursday, including his failure to pay taxes on rental income he earned from a vacation villa he owns in the Dominican Republic.
July 29 -
The House Committee on Financial Services voted to approve Internet gambling legislation, a critical step in making online gambling legal in the U.S.
July 29 -
The District of Columbia has begun a tax amnesty program that waives all penalties and fees on back taxes paid by Sept. 30.
July 29 -
The economic downturn and an increasing number of taxpayers with complex tax issues contributed to a decline in the amount of revenue collected by the Internal Revenue Service in fiscal year 2009, according to a new government report.
July 29 -
The U.S. Government Accountability Office has launched a mobile version of its Web site that will allow users to more easily access GAO reports on their BlackBerries, iPhones, Droids, and other small-screen mobile devices.
July 29 -
House Ways and Means Committee Chairman Sander Levin, D-Mich., has introduced a bill that would close tax loopholes blamed for encouraging multinational companies to ship jobs overseas.
July 28 -
The Internal Revenue Service does not always follow statutory requirements that it notify taxpayers on a timely basis when it files tax liens against them, and it does not always follow its own regulations for notifying taxpayers representatives of the filing of lien notices, according to a new report from the Treasury Inspector General for Tax Administration.
July 28 -
The talk in Washington is beginning to sound a little panicky when it comes to extending the Bush tax cuts.
July 27
