Tax

The Senate passed a patent reform bill on Tuesday that contains provisions banning patents on tax strategies.

The Senate Finance Committee held hearings Tuesday to consider the Tax Code’s effect on job creation and economic growth.

The Internal Revenue Service has undercut the effectiveness of its electronic filing mandate because of the legal interpretation of the word “file,” according to a new government report.

President Obama credited the tax cut extension deal he forged with Congress for helping to turn around the unemployment problem.

H&R Block has teamed up with the mobile personal finance service Pageonce to provide a tool that allows do-it-yourself filers to track the status of their tax refunds from a mobile device.

The accounting profession’s drive for a more predictable and user friendly Federal Tax Code seems to be gaining traction with at least one segment of Congress: the freshly-elected corps of Tea Party activists and their conservative allies in the House and Senate.

Nearly 19 million tax returns have been filed with the Internal Revenue Service from home computers so far this year, an increase of almost 6 percent compared to the number of returns from the same time last year, the IRS said Friday.

Tax reform for business isn’t just about lowering the corporate tax rate. That’s what Patricia Thompson, chair of the AICPA’s Tax Executive Committee, told the House Ways and Means Subcommittee on Select Revenue Measures yesterday.

The House moved one step closer to repealing the expanded 1099 information reporting requirements in the Affordable Care Act and Small Business Jobs Act on Wednesday by approving a controversial offset to the cost of the repeal.

The Senate Finance Committee convened a hearing Tuesday aimed at making the Tax Code fairer and simpler, while making U.S. businesses more competitive.