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Sen. Ron Wyden, D-Ore., has been confirmed as chairman of the Senate Finance Committee, succeeding Max Baucus, D-Mont., who was confirmed last week as Ambassador to China.
February 13 -
The Organization for Economic Cooperation and Development has developed a new global standard for automatic exchange of tax information among nations in response to a mandate from finance leaders of the G20 countries to combat tax avoidance and evasion.
February 13 -
Rep. Blake Farenthold, R-Texas, has reintroduced legislation to provide tax exemptions to American athletes who win medals in the Olympics.
February 12 -
Some locations of the Planet Fitness health club chain have begun charging some of their members a portion of the indoor tanning services tax mandated by the Affordable Care Act, whether or not they use the tanning services.
February 11 -
With tax season in full swing, its a good reminder that families with household employees have some impending deadlines. As most tax professionals are aware, the often overlooked household employment taxes or nanny taxes present a unique set of challenges.
February 11 -
Harvard University pledged to ensure restitution for as many as 11,000 employees after two of its faculty pointed out the impact of a tax error by the school.
February 10 -
Senate Finance Committee chairman Max Baucus, D-Mont., was confirmed Thursday as U.S. Ambassador to China, which could prolong an investigation of the Internal Revenue Services handling of tax-exempt applications, along with tax reform efforts.
February 6 -
Businesses often take a risk in the development of new products and processes.
February 6 -
The Internal Revenue Service's new commissioner, John Koskinen, told a congressional hearing Wednesday that the IRS has received an unprecedented number of comments on its proposed regulations for 501(c)4 tax-exempt groups and they will not be finalized anytime soon.
February 5 -
The Treasury Department said Wednesday the U.S. has signed intergovernmental agreements with both Canada and Hungary to implement the Foreign Account Tax Compliance Act, or FATCA, in an effort to discourage offshore tax evasion.
February 5
