Tax practice

The House ethics committee laid out a series of charges against Congressman Charles Rangel, D-N.Y., on Thursday, including his failure to pay taxes on rental income he earned from a vacation villa he owns in the Dominican Republic.

The House Committee on Financial Services voted to approve Internet gambling legislation, a critical step in making online gambling legal in the U.S.

The District of Columbia has begun a tax amnesty program that waives all penalties and fees on back taxes paid by Sept. 30.

The economic downturn and an increasing number of taxpayers with complex tax issues contributed to a decline in the amount of revenue collected by the Internal Revenue Service in fiscal year 2009, according to a new government report.

The U.S. Government Accountability Office has launched a mobile version of its Web site that will allow users to more easily access GAO reports on their BlackBerries, iPhones, Droids, and other small-screen mobile devices.

House Ways and Means Committee Chairman Sander Levin, D-Mich., has introduced a bill that would close tax loopholes blamed for encouraging multinational companies to ship jobs overseas.

The Internal Revenue Service does not always follow statutory requirements that it notify taxpayers on a timely basis when it files tax liens against them, and it does not always follow its own regulations for notifying taxpayers’ representatives of the filing of lien notices, according to a new report from the Treasury Inspector General for Tax Administration.

The talk in Washington is beginning to sound a little panicky when it comes to extending the Bush tax cuts.

Senate Finance Committee Chairman Max Baucus, D-Mont., has unveiled some new changes to the Small Business Jobs Act, in an effort to win more support for the bill.

A new government report finds that the Internal Revenue Service is mostly ready to deal with a flu pandemic like the H1N1 virus, but not entirely.

House Ways and Means Committee Chairman Sander Levin, D-Michh., has released a draft bill that would provide tax credits for manufacturers of renewable energy equipment and funding for other sources of clean energy.

The District of Columbia plans to launch a tax amnesty program on Thursday in an effort to collect $170 million in known receivables owed by more than 42,000 individuals and businesses.

Senate Finance Committee ranking member Charles Grassley, R-Iowa, and Sen. Charles Schumer, D-N.Y., have teamed up to sponsor legislation that would provide tax credits for the use of hydrogen fuel cells in forklift trucks and other industrial vehicles.

Small nonprofit organizations that are at risk of losing their tax-exempt status because they failed to file the required returns for 2007, 2008 and 2009 can preserve their status by filing the returns by Oct. 15, 2010, under a one-time special relief program.

Of the 131 changes in state and local taxes last quarter, 91.6 percent were either tax increases or new taxes, according to a new report.

Two Republican lawmakers are warning the Treasury Department against making a change in tax policy that would favor trial lawyers who handle lawsuits on a contingency basis and want to deduct loans to clients.

BNA Tax & Accounting has introduced its first application for the RIM BlackBerry, an electronic version of its Quick Tax Reference guide.

The nonprofit Tax Foundation has introduced an online calculator that allows taxpayers to compare how they would fare if all the Bush tax cuts expired as scheduled at the end of this year.

Rep. Charles Rangel, D-N.Y., former chairman of the tax-writing House Ways and Means Committee, will face a trial before his congressional colleagues after a House investigative panel found that he violated ethics rules.

Call this a story about nurturing the goose that laid the golden egg.