Credit Suisse Dressed Down by Senate
A upcoming Senate report will reprimand Swiss bank Credit Suisse for helping Americans avoid U.S. taxes by stashing their money in anonymous bank accounts, as well as go over what the Senate committee...
View ArticleIRS Offers ACA Tips
With many of the more complex provisions of the Affordable Care Act (ACA) now in effect, for many doing their taxes this year will become a more complex affair. To help ease this burden, though, the...
View ArticleTax Plan Offers Big Changes
It's certainly given people a lot to talk about: Rep. Dave Camp (R - Michigan), the chair of the House Ways and Means Committee, released draft legislation yesterday that would introduce drastic...
View ArticlePres. Pushes Middle Class Tax Breaks
President Barack Obama plans to include tax cuts targeted on the middle class in his latest budget, according to Reuters.read more
View ArticleSCOTUS Expands SOX Rules
The Supreme Court of the United States ruled 6-3 yesterday that the whistleblower rules contained in the landmark Sarbanes-Oxley Act apply not just to employees but to third party contractors as well,...
View ArticleACA Tax Penalty Calculator
With the ACA's March 31 deadline to get health insurance looming, the specter of tax penalties for those who remain uninsured after that point looms larger still.read more
View ArticleFed: Bad Weather, Bad Job Numbers
The terrible weather everyone has been complaining about over the last few weeks identified by Philadelphia Fed President Charles Posner as a factor for why February's less than impressive job growth...
View ArticlePOTUS Plans Overtime Tweak
The president plans to direct the Department of Labor to raise the pay threshold for workers covered by overtime protection rules as a way to strengthen middle class incomes, said the Associated...
View ArticleSenate to Take on Tax Extenders
The U.S. Senate plans to consider whether or not to revive a raft of tax breaks that were instituted at the height of the financial crisis next week, weighing the benefits to businesses and individuals...
View ArticleACA Deadline Draws Near
This time, it sounds like they're really serious: the March 31 deadline to sign up for insurance if you're not already insured is only four days away and already people who have signed up on an...
View ArticleBill Would Exempt Some from XBRL
A bill introduced in the House would, if passed, exempt all companies with annual gross revenues under $250,000 from having to use eXtensible Business Reporting Language (XBRL), a computer markup...
View ArticleAG Holder Looking Into HFT
Adding on to the already exhaustive list of agencies investigating various aspects of high-speed trading, where computers make literally millions of trades per second, Attorney General Eric Holder...
View ArticleSen. Finance Comm. OKs Tax Extenders
The Senate Finance Committee approved legislation that would extend 53 different tax provisions that are set to expire or have already expired to the end of 2015, according to FEI Daily.read more
View ArticleU.S. Makes Big Debt Payment
Buoyed by increased tax revenue generated by an improving economy, the U.S. Treasury Department announced that it will make its largest debt payment in seven years, according to Bloomberg. The country...
View ArticleFinal TARP Cost: $40B
A new report out has calculated that, all told, the final cost of the Troubled Asset Relief Program, which bailed out the banks during the height of the financial crisis, was around $40 billion, a far...
View ArticleSenators Target Junk Food Tax Break
Sens. Tom Harkin (D-Iowa) and Richard Blumenthal (D-Conn.) introduced a bill that, if passed, would prevent companies that make food of "poor nutritional quality" from deducting marketing and...
View ArticleAmericans Have Obamacare Fatigue
No, it's not an illness that can be treated with proper medical attention (procured through insurance, perhaps via the exchange websites)--Americans, apparently, are just tired of hearing about...
View ArticleLawmakers Fight to Keep LIFO
More than 110 members of the House of Representatives have signed on to a statement arguing that, while attempts to restructure the federal tax code are admirable, whatever reform efforts result should...
View ArticleSenators Propose 12 Cent Gas Tax Increase
Senators Bob Corker (D-Conn.) and Chris Murphy (R-Tenn.) have put forth a plan that would raise the federal gasoline tax for the first time in two decades, according to the Associated Press....
View ArticleHouse Panel Argues Immunity from Insider Trading Probe
The House Ways and Means Committee has argued, in response to a lawsuit from the Securities and Exchange Commission, that it does not have to turn documents over to the regulator relating to an insider...
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