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The Internal Revenue Service is falling short on inspecting the international tax transactions of small businesses for compliance problems, according to a new report.
June 12 -
Reeling from an unfavorable court decision on its tax strategy, banking giant KeyCorp said it would take an after-tax accounting charge of between $1.1 billion and $1.2 billion in the second quarter, cut its dividend in half and raise another $1.5 billion by issuing shares.
June 12 -
The Internal Revenue Service said its e-Services online tools will be out of service the last weekend in June.
June 12 -
The Virginia Society of CPAs Educational Foundation has established a scholarship fund to honor the victims of last year's Virginia Tech shooting.
June 12 -
Senate Finance Committee Chairman Max Baucus, D-Mont., introduced the Energy Independence and Tax Relief Act of 2008 as Democrats and Republicans haggle over how to pay for extending expiring tax provisions.
June 12 -
Presidential hopefuls Sen. Barack Obama, D-Ill., and Sen. John McCain, R-Ariz., clashed over their tax plans, trading accusations of hikes in capital gains and Social Security taxes.
June 11 -
The Small Business Administration has created an online tax savings resource center to help small businesses understand the benefits of the economic stimulus package.
June 11 -
Senate Republicans have defeated a proposal to charge oil companies a windfall profits tax.
June 10 -
The Supreme Court ruled unanimously that businesses could use the Racketeer Influenced and Corrupt Organizations Act to sue competitors who purchased tax liens after submitting false documents.
June 9 -
The Internal Revenue Service is pursuing billionaire Philip Anschutz over $143.6 million in back taxes in an effort to discourage arrangements that allow people to defer paying capital gains taxes.
June 9