Bank of America and Wells Fargo are changing some of their practices to comply with the terms of a national legal settlement that aimed to fix pervasive problems in mortgage servicing, a Wednesday report from the agreement's watchdog shows.
The Internal Revenue Service (IRS) needs to strengthen systems development controls for the Premium Tax Credit (PTC) Project, the Treasury Inspector General for Tax Administration (TIGTA) concludes in a new report publicly released today.
WASHINGTON (AP) — The Supreme Court says two Texans' partnership doesn't keep the IRS from penalizing them for what the agency called a sham tax shelter.
The Supreme Court unanimously upheld the agency's 40 percent penalty against Gary Woods and...
Every business owner and tax professional knows that the changing of the year also marks important deadlines and rules regarding taxes and employment reporting. For employees, it means understanding how tax law changes, and there have been many in...
Based on data from 3,828 charities that raised more than $12 billion in the prior 12 months, The Blackbaud Index reported that overall charitable giving grew 2.3 percent for the three months ending October 2013, as compared to the same period in 2012.
Health reform expanded Medicaid to those earning less than 138 percent of poverty level. To speed up the application process, Medicaid no longer asks for savings account statements and insurance policy values to determine eligibility.
The Obama administration announced Wednesday a one-year delay in allowing small business owners to use the federal government's flawed online insurance marketplace to buy health coverage for their employees and themselves under the Affordable Care Act.
This proposed guidance defines the term “candidate-related political activity,” and if accepted, would amend current regulations by indicating that the promotion of social welfare does not include this type of activity.
The Treasury Department agency tasked with overseeing the Internal Revenue Service has issued a report saying that the nation's taxing authority needs to do a better job of tracking its efforts to eliminate identified flaws in the security of systems...