Legislation

Because of the unusual way the Make Work Pay Credit is administered, some taxpayers will find themselves owing federal taxes and possibility penalties.

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Just as the door was about to slam shut on the First Time Home Buyer Credit, Congress not only extended the deadline, but also expanded it to include those who are not first time buyers.

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President Obama signed into law last week an extension of the first time home buyers tax credit until April 30, 2010. The credit was set to expire on December 1, 2009.

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The federal government is hoping to roll out a Cash for Clunkers program, this time designed to boost the appliance manufacturing industry.

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As the first time home buyer credit moves toward expiration, it is getting mixed reviews. Critics complain about cost. Proponents want an extension of the credit.

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PwC has found itself at the center of a controversy over its estimates of cost increases in insurance premiums if heath care reform becomes law.

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The AICPA told a U.S. House panel that certified public accountants should be exempt from pending legislation to create a new Consumer Financial Protection Agency because CPAs are already highly regulated.

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The debate just keeps on rolling and it doesn't seem to be cooling down. Here are some of the key components put forth by four of the plans that are under consideration, including the tax effects.

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Whatever your opinion of the government’s plan to oversee your finances, you should know that small business still has a voice with the power to affect legislation.

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At this point in the health care reform debate, both the House and the Senate have put forth proposals for a "play or pay" mandate for employers to provide health insurance...

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