Tax Strategies

Senate Republicans blocked a bill promoted by the Obama administration that would impose a minimum tax on millionaires.

President Barack Obama and congressional Republicans square off this week over tax hikes for millionaires and tax cuts for businesses, with both sides seen as more interested in scoring political points than in fixing the tax code or shrinking the deficit.

While every state offers tax incentives to attract, retain and expand businesses and jobs, few states actually provide good evidence that the tax breaks deliver an effective return on investment, according to a new report.

President Obama told a crowd of students and supporters that Congress should vote to approve his plan to ensure that millionaires don’t pay lower tax rates than the middle class.

House Budget Committee Chairman Paul Ryan, R-Wis., talked about how tax policies need to emphasize economic growth during a speech Tuesday, in which he also took aim at President Obama’s budget.

The commissioner of the Internal Revenue Service warned on Thursday of "a real disaster" for taxpayers next year should Congress miss a December 31 deadline to decide on billions in major tax provisions.

Internal Revenue Service Commissioner Doug Shulman described in a speech Thursday how the agency is using information from its tax preparer regulation initiative to identify practitioners who are showing patterns of tax fraud.

President Obama lashed out at the Republican budget plan passed last week by the House and endorsed by Mitt Romney.

States are cracking down on software and devices that help businesses cheat on taxes at the cash register.

About 11 million homeowners owe more than their homes are worth, according to real estate data firm CoreLogic, and while taxes may not be the first thing they think about in deciding what to do, all the various options have tax consequences.