Tax

New York Governor Eliot Spitzer's proposed budget contains a provision that would tax marijuana at a rate of $3.50 per gram and controlled substances like cocaine at $200 per gram.

The Internal Revenue Service is running out of storage space for the copies of documents it stores on cases closed by its Office of Appeals, according to a report by the Treasury Department's Inspector General.

President Bush encouraged Congress to pass the economic stimulus package he agreed to with House leaders without adding extra provisions.

The Senate Finance Committee held hearings to discuss an economic stimulus package and hear testimony from the Congressional Budget Office about the available options.

The Justice Department has sued two Connecticut tax preparers, Deowraj Buddhu and his daughter Sunita Buddhu, to prevent them from preparing tax returns for others.

S corporations are the nation's most common corporate tax designations.

The stimulus package that President Bush and Congress are hammering out could be enough to jumpstart the economy, but don't count on it.

Section 7803(c)(2)(B)(ii)(III) requires the National Taxpayer Advocate to identify at least 20 of the most serious problems encountered by taxpayers. This year’s report to Congress describes 26 problem areas and provides status updates on three other issues.

President Bush called for an economic stimulus plan that includes tax breaks for individuals and businesses.

Presidential hopeful Sen. John McCain, R-Ariz., proposed cutting the corporate tax rate to 25 percent from 35 percent, matching Rudolph Giuliani's plan.