Tax

JPMorgan Chase is reportedly close to receiving $1.4 billion in tax refunds from its acquisition of Washington Mutual.

Simonton Windows is offering customers $150 off the tax preparation fee for their 2010 returns, which will be prepared in 2011, when they purchase 12 or more energy-efficient windows and have their returns prepared at H&R Block.

The Internal Revenue Service reported that the overall number of tax return filings has declined somewhat this tax season.

With average tax refunds up nearly 10 percent this year, the White House has launched an online interactive Tax Savings Tool to help taxpayers take advantage of Recovery Act tax credits.

The House has approved health care reform legislation after a tense series of negotiations that left the vote in doubt until a group of pro-life Democrats agreed to support the bill after receiving assurances that President Obama would issue an executive order prohibiting federal funding of abortions.

The jobs bill signed by President Obama on Thursday includes various revenue-raising provisions that would put foreign financial institutions with U.S. taxpayers under a new reporting and tax regime.

The House Ways and Means Committee has approved legislation to provide tax relief to small businesses and extend financing measures for creating jobs.

Calls to the Internal Revenue Service’s toll-free phone lines for tax help may exceed the agency’s projections this tax season.

House Ways and Means Committee Chairman Sander Levin, D-Mich., has unveiled a draft of a new bill that would provide tax incentives to small businesses to spur job creation.

April 15 is normally referred to as Tax Day, but one man wants to change that.