House Passes Middle-Class Tax Cuts, But Efforts Continue on Senate Bill »
The House voted 234-188 to pass legislation (H.R. 4853) that would make permanent the reduced tax rates enacted in 2001 and 2003 on the first $200,000 in income for individuals or $250,000 for couples, though the legislation is seen as doomed to fail in the Senate.
Fiscal Commission Seeks Major Overhaul of Tax Code »
By 2012, Congress should lower tax rates, simplify the Internal Revenue Code, and reduce deficits, with the associated costs paid for in part by eliminating all income tax expenditures, the president's bipartisan deficit commission said in a plan released Dec. 1.
Obama, Hill Leaders Disagree in First Post-Election Bipartisan Meeting »
President Obama Nov. 30 met with the party leaders of the House and Senate to begin forming a legislative agenda for the lame-duck session, but meeting participants agreed only to form a working group to come up with a compromise on extending tax cuts.
Senate Rejects Amendments to Repeal Health Bill's Form 1099 Rules »
The Senate voted late Nov. 29 to reject two amendments that would have fully repealed tougher Form 1099 information reporting requirements put in place by the Patient Protection and Affordable Care Act (Pub. L. No. 111-148).
IRS Issues Guidance on Rollovers Into In-Plan Designated Roth Accounts »
The Internal Revenue Service Nov. 26 issued Notice 2010-84, providing guidance under tax code Section 402A(c)(4) relating to rollovers from tax code Section 401(k) to designated Roth accounts in the same plan.
House GOP Expected to Continue Bringing Tax Bills Under Closed Rules »
House Republicans are pushing for a more transparent Congress beginning in January but lawmakers and staff say that push is not expected to include changing the way tax bills are considered on the floor.
Expiration of Bush-Era Tax Cuts Could Hurt States' Budgets »
The Tax Foundation said in a Nov. 22 report that state-level “piggy back” provisions tying state tax revenues to federal taxes can produce unpredictable revenue flows for states if Congress fails to extend existing tax law.
Efforts to Repeal Form 1099 Rules to Move to Senate Floor on November 29 »
The Senate is set to vote Nov. 29 on two versions of legislation that would fully repeal a new law requiring businesses to file Form 1099 information reports to the government whenever they spend more than $600 on a single vendor.
IRS Asked to Delay Tax Preparer Registration Rules for Non-Signers »
Members of the Internal Revenue Service Advisory Council Nov. 17 asked IRS to postpone implementation of the registration requirements for non-signing tax preparers until the service has provided more guidance on the definition of a tax preparer.
IRS Withdraws UBS ‘John Doe' Summons Over Tax Fraud Allegations »
The United States and Switzerland announced Nov. 16 that the Internal Revenue Service has withdrawn its legal proceedings against Swiss banking giant UBS over the bank's role in assisting U.S. clients to shield income from U.S. tax authorities.
« Previous 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 Next »