Will tax extenders finally be addressed in 2014? About 55 provisions were not renewed after they expired in 2013. With Congress back in session, the IRS gearing up for tax season and tax professionals unsure of how to advise taxpayers, the clock is ticking.
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President Obama Says Immigrants Must Pay 'Fair Share Of Taxes'
Tonight, President Obama laid out his plan for immigration reform. It includes the requirement to “pay your fair share of taxes” – but what does that mean?
Read MoreWhat Matters Most When It Comes To Tax Reform? Hint: It's Not Control Of Congress.
Last night, the elections signaled a power shift in Congress. With Republicans controlling both houses, does that mean tax reform is on the way? Here’s why, historically, it’s not control of Congress that matters: it’s something else.
Read MoreWhat If Congressional Elections Were Run Like The NFL Draft?
Over the past few days, like many of you, I’ve been glued to the NFL draft board (Forbes’ Darren Heitner had great coverage here). It
Read MoreGrimm Day: Congressman Indicted On Federal Charges, Including Tax Evasion
Rep. Michael Grimm (R-NY) was hit with a 20 count indictment including five counts of mail fraud, five counts of wire fraud, three counts of aiding and assisting in the preparation of false federal tax returns, one count of conspiring to defraud the United States, one count of impeding the Internal Revenue Service, one count of health care fraud, one count of engaging in a pattern or practice of hiring and continuing to employ unauthorized aliens, two counts of perjury and one count of obstructing an official proceeding.
Read MoreBudget Faces Challenge From Senators Wary Of Spending, User Fees To Taxpayers
The House has passed a budget deal – and convincingly so. But it will pass muster in the Senate? There are challenges, including concerns about increased spending and those pesky user fees. Are we in for another filibuster?
Read MoreCongress Threatens IRS With ‘Right-Sized’ Budget Cuts
Things just keep getting worse for the Internal Revenue Service. Last week, a House Appropriations subcommittee proposed to slash the tax agency’s budget by nearly
Read MoreSenate Passes Budget, Calls For Nearly $1 Trillion In Tax Increases
After an extraordinary four year dry spell, the Senate has passed a formal budget proposal. It now goes to the House where, mark my words,
Read MoreHouse Agrees On A Timeline For Debt Ceilings Talks. Again.
I was wrong. Remember when I said that the House was going to push off the debt ceiling for three months? Turns out they didn’t
Read MoreHouse Will Vote To Push Off Debt Ceiling Talks. Again.
House Republican leaders announced over the weekend that they will vote this week on a plan to extend the debt ceiling for three more months
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