Tax

House Budget Committee chairman Paul Ryan, R-Wisc., has introduced a Republican-backed alternative to the Obama administration’s fiscal 2013 budget, including a proposal to consolidating the current six individual income tax brackets into just two brackets of 10 and 25 percent.

The Internal Revenue Service has proposed regulations that would require taxpayers with Employer Identification Numbers to periodically provide the IRS with up-to-date information.

Only 16 percent of tax and finance departments are actively involved in corporate sustainability efforts, according to a new survey by Ernst & Young.

A congressional subcommittee plans to hold a hearing next Thursday on the 2012 tax return filing season, with one of the main topics to be the recent reports of tax refund delays.

The Senate failed to pass an amendment that would have extended a set of expiring tax credits for wind energy, biofuels, energy efficient homes and other tax breaks.

Nearly two-thirds of tax professionals are unaware of the various tax incentives that are available to private investors in clean energy projects, according to a new poll by Bloomberg BNA.

CCH has expanded its Expert Treatise Library with two new titles on the subject of corporate taxation.

Financial Web application and database software company NetWorth Services has released 8949 Verifier, a Web-based application designed to allows tax professionals to examine their clients’ 8949 forms instantly for accuracy prior to filing them with the IRS.

The Internal Revenue Service has introduced an online search tool that will allow the public to easily check on information about tax-exempt organizations, such as charities and other nonprofits.

An amendment to a highway transportation bill that would have extended expired tax credits such as the Research and Experimentation Credit in exchange for freezing the salaries of federal employees for another year has gone down to defeat in the Senate.