A U.S. Supreme Court ruling on Wednesday forcing the federal government to recognize same-sex marriage in states where it is legal will open up new benefits to thousands of gay couples, but confusion may reign in states that do not …
Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama’s 2010 healthcare law that has received comparatively little attention: a 3.8 percent tax on investment income intended to …
If the U.S. Supreme Court strikes down a federal law defining marriage as between a man and woman, the newfound rights for gay married couples may bear something not so welcome – a bigger tax burden. That’s because with equality, …
The “fiscal cliff” deal that slowly, painfully took shape in the U.S. Congress in recent days fulfills some of corporate America’s tax policy goals, but leaves others unmet, including a big one – meaningful deficit and debt reduction. The bill, …
A group of high-profile chief executives urged President Barack Obama and Republican congressional leaders on Tuesday to strike a deal to avert the “fiscal cliff” that could include raising tax rates on the wealthiest Americans. In a sign the end-of-year …
The Internal Revenue Service on Tuesday assured congressional lawmakers that agents would play no role in enforcing the controversial requirement that Americans buy insurance under President Barack Obama’s healthcare overhaul. “IRS revenue agents will not be involved. There will not …
Tax planners are developing ways to help well-to-do U.S. clients avoid the full impact of taxes set to take effect next year under President Barack Obama’s healthcare overhaul. With some legal uncertainty still surrounding the new levies, advisers are devising …
Mitt Romney wants to change the U.S. tax code’s treatment of healthcare costs, but his vice presidential pick is one step ahead: Paul Ryan has proposed a plan to scrap a generations-old tax break enjoyed by millions of Americans. While …
The U.S. House of Representatives voted Thursday to rescind an unpopular business tax reporting requirement in the year-old healthcare law, but the measure could be delayed by a dispute with Senate Democrats over how to pay for it. The House …
Congress gave final approval late Thursday to the deal President Barack Obama and Republicans made to extend expiring tax cuts — a high-stakes gamble to create jobs at a cost of deepening the U.S. debt. Over objections from many of …
