Tax

Democratic lawmakers are trying to take a hard line with Republicans, threatening to let tax cuts expire at the end of the year rather than simply extend the Bush tax cuts for upper-income taxpayers.

President Barack Obama took aim at Republican rival Mitt Romney’s tax plan at a campaign event in Cincinnati, citing a new study on the effects of tax cuts on foreign corporate earnings.

Mitt Romney has come under increasing pressure from fellow Republicans in recent days to release more of his tax returns to the public.

Democratic lawmakers on the House Ways and Means Committee have introduced legislation to extend the Research and Development Tax Credit through the end of the year.

Thomson Reuters has released courses to help tax practitioners get ready for the Internal Revenue Service’s Registered Tax Return Preparer examination, meet annual continuing professional education requirements, and monitor their progress.

Thomson Reuters has created a set of resources under its Checkpoint Learning brand to help Registered Tax Return Preparers deal with the IRS's new education and testing requirements.

A bill to provide tax credits to small businesses that hire new workers has been blocked by Senate Republicans after Democrats refused to allow GOP-sponsored amendments on extending the Bush individual income tax cuts.

For Americans long subject to the complexities and confusions of the Internal Revenue Code, it may come as a shock to find that some believe the U.S. to be a tax haven.

For accountants, “crunch time” comes around every year, from February to April and then again from June to September.

National tax prep chain Jackson Hewitt Tax Service has launched a tax school in light of the new IRS requirements that preparers secure the RTRP designation.