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The Internal Revenue Service's new commissioner, John Koskinen, told a congressional hearing Wednesday that the IRS has received an unprecedented number of comments on its proposed regulations for 501(c)4 tax-exempt groups and they will not be finalized anytime soon.
February 5 -
The Treasury Department said Wednesday the U.S. has signed intergovernmental agreements with both Canada and Hungary to implement the Foreign Account Tax Compliance Act, or FATCA, in an effort to discourage offshore tax evasion.
February 5 -
International Business Machines Corp. has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary.
February 5 -
The Internal Revenue Service has updated and improved its IRS2Go mobile app this tax season, adding new features including a way to track the status of a taxpayers tax refund.
February 4 -
Congressman Richard E. Neal, D-Mass., the ranking Democrat on the House Ways and Means Select Revenue Subcommittee, has introduced legislation containing a number of tax and other provisions with the goal of jumpstarting the economy, financing investment in infrastructure, fighting income inequality and creating jobs.
February 4 -
Changes in the implementation of the Affordable Care Act could pose a challenge for the Internal Revenue Service's customer service, according to a new government report.
February 3 -
Democrats on the tax-writing House Ways and Means Committee have written to Speaker of the House John Boehner, R-Ohio, urging him to introduce legislation to raise the debt ceiling without pre-conditions, warning that the Treasury Department would not be able to pay tax refunds without a higher debt limit.
February 3 -
Early issues in the 2014 filing season, from fraud to the Affordable Care Act
February 1 -
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