Tax Strategies

The House Committee on Small Business held hearings on repealing the unpopular expansion of 1099 information reporting in the health care reform bill.

The White House released its budget proposal for fiscal year 2012 on Monday, with plans for eliminating capital gains taxes on small business investment, while also getting rid of tax breaks for the wealthy and for fossil fuels.

Congressmen Brad Sherman, D-Calif., and Michael Conaway, R-Texas, have formed a Bipartisan Congressional CPA Caucus that they plan to co-chair.

Tax strategy patents have been around for more than a decade, ever since a federal appeals court in 1998 validated business method patents, including tax strategies.

The city of San Francisco is reportedly considering offering Twitter massive tax breaks to keep the growing social media company from moving outside the city to nearby Brisbane.

Home values in the U.S. posted their largest quarterly decline since the first quarter of 2009, falling 2.6 percent as the temporary stimulus of the Home Buyer Tax Credits wore off, according to a new report.

The Obama administration is expected to propose a way for states to raise more money in payroll taxes to pay for the cost of unemployment insurance.

A group of 10 Senate Democrats has written to Speaker of the House John Boehner and other House leaders asking them to reduce the budget deficit by eliminating unneeded subsidies and tax breaks for oil companies.

There are many important new tax breaks for U.S. individuals on the 2010 Form 1040, and several more have been eliminated, noted one tax expert.

U.S. taxation of international operations and financial statement disclosure issues were the top two concerns of leading corporate tax executives, according to a new survey.