Tax

Starting next tax season, the Internal Revenue Service will no longer provide tax preparers and financial institutions with a so-called “debt indicator” that is often used to facilitate refund anticipation loans.

The vast majority of U.S. business executives are against the imposition of a value-added tax and would need time to prepare for it, according to a new poll.

CCH has expanded its Tax Prep Partner Series with four new compliance guidance titles.

The Treasury Department has released a new state-by-state report on the number of newly hired workers whose employers are eligible to claim tax credits under the HIRE Act, increasing the estimate from 4.5 million to 5.6 million workers.

CCH has introduced CCH TaxPlan, a new product on its IntelliConnect online research service that combines tax planning guidance with interactive practice tools to help practitioners with tax planning engagements.

House Democrats blasted Republicans for blocking a bill with tax breaks for small businesses and the removal of a controversial 1099 information reporting requirement after the bill failed to garner the two-thirds margin needed for passage.

House Ways and Means Committee Chairman Sander Levin, D-Mich., has introduced a bill that would close tax loopholes blamed for encouraging multinational companies to ship jobs overseas.

The talk in Washington is beginning to sound a little panicky when it comes to extending the Bush tax cuts.

House Ways and Means Committee Chairman Sander Levin, D-Michh., has released a draft bill that would provide tax credits for manufacturers of renewable energy equipment and funding for other sources of clean energy.

The District of Columbia plans to launch a tax amnesty program on Thursday in an effort to collect $170 million in known receivables owed by more than 42,000 individuals and businesses.