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House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has introduced a bill to help struggling homeowners with a refundable tax credit, even as a bipartisan Senate bill faced a threatened veto from the Bush administration.
April 8 -
The Senate passed an amendment to the compromise housing bill that will allow money-losing businesses to elect to use accumulated alternative minimum tax credits and research and development credits early.
April 7 -
The Internal Revenue Service has been getting an average of more than 50,000 extra phone calls per day as a result of questions about the economic stimulus payment, and has received 379,000 tax returns from individuals filing solely to receive the stimulus payment.
April 7 -
The Internal Revenue Service said it would open many of its offices for another Saturday to help taxpayers who don't normally file tax returns receive their economic stimulus payments.
April 7 -
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A Cambodian-American tax preparer and accountant from Long Beach, Calif., went on trial in a Los Angeles federal court for plotting to take over Cambodia with a group of freedom fighters.
April 6 -
Financial Web site myStockOptions.com has opened an online Tax Center that explains issues related to equity compensation for tax year 2007.
April 6 -
The Justice Department said a federal court in Seattle has permanently shut down a nationwide "warehouse bank" tax defiance scheme that helped its customers evade federal taxes.
April 6 -
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The Internal Revenue Service is postponing its tax-filing deadline for victims of the recent floods, storms and tornadoes in four states.
April 3