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Senate Majority Leader Harry Reid, D-Nev., has introduced an amendment to the tax extenders bill that would extend the transaction closing date for the First-Time Homebuyer Credit from June 30 to Sept. 30.
June 11 -
The G-20 group of finance ministers decided last weekend against levying a global bank tax amid fierce opposition from some countries, but that doesnt mean the idea of taxing banks to pay for future bailouts is gone completely.
June 9 -
Senate-Modifies-Carried-Interest-Tax-Provision
June 8 -
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The State of California, struggling with a $19 billion budget deficit, is considering legalizing and taxing marijuana in a referendum on the November ballot.
June 4 -
The Swiss Parliaments upper house voted Thursday in favor of Switzerlands deal with the U.S. government to share the identities of 4,450 U.S. clients of UBS with numbered bank accounts.
June 4 -
Both the American Institute of CPAs and the American Bar Association Tax Section have told the Internal Revenue Service it should withdraw its proposed rule that would require companies with more than $10 million in total assets to disclose uncertain tax positions on the new Schedule UTP, Uncertain Tax Position Statement.
June 3 -
Sen. Charles Schumer, D-N.Y., wants to put a stop to U.S. companies that transfer customer service calls halfway around the world.
June 1 -
The House approved a bill to extend many expiring and expired tax breaks through the end of the year, as well as extend unemployment insurance benefits through the end of November.
May 28 -
An overwhelming majority of senior financial executives say their tax departments top priority is not tax savings or their effective rate, but timely and accurate tax return and financial reporting, according to a new survey of CFOs and senior comptrollers by Grant Thornton LLP.
May 27
