Tax

The break-up of Switzerland's oldest bank Wegelin on Friday shows the need to settle a dispute with U.S. authorities over tax cheats hiding cash in secret Swiss accounts, the finance minister said on Saturday.

The Senate Finance Committee plans to hold a hearing Tuesday to discuss finding a long-term way to handle “tax extenders”—tax provisions that frequently require annual or biannual renewals—to provide more certainty for taxpayers, not to mention tax preparers.

The National Consumer Law Center and the Consumer Federation of America are predicting that this year’s tax season will be the final one that refund anticipation loans will be available on a large-scale, nationwide basis.

Retail giant Sears is partnering with H&R Block this tax season, offering free federal 1040EZ tax filing online and in stores through Feb. 29.

H&R Block launched an app for iPhone and Android smartphones Friday with an offer for free federal 1040EZ and state tax preparation and electronic filing through February 29.

The Internal Revenue Service re-launched its annual outreach campaign Friday to promote Earned Income Tax Credit Day.

The President’s annual State of the Union speech is traditionally more than just a memo of the past or a blueprint for the future.

The Internal Revenue Service warned Thursday that tax refunds could be delayed a week this tax season because of new identity theft safeguards.

The Walmart Foundation has teamed up with the United Way and other nonprofits to offer free tax filing services, along with education on eligibility for the Earned Income Tax Credit and government nutritional assistance programs.

IMGCAP(1)]The impact of the financial crisis and resultant recession, even if now officially ended, continues to be felt.