Tax strategies

House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has been called to the White House to discuss his proposed surtax on the wealthy to pay for health insurance reform.

Entrepreneurs urged lawmakers to extend the research and development tax credit at a House subcommittee hearing Thursday.

Sen. Charles Grassley, R-Iowa, has introduced a bill to lower the tax burden on small businesses.

New Jersey Governor John Corzine must be breathing a sigh of relief now that his state has recovered over $625 million from a tax amnesty program.

A new analysis by a former high-ranking IRS official explains how the Tax Code’s corporate reorganization provisions afford tax-free treatment to certain corporate combinations and realignments.

Typical end-of-year tax planning will be on everyone’s minds before you know it.

The U.S. and Swiss governments have concluded their negotiations over expanding the sharing of tax information to root out tax dodgers, and now plan to sign a protocol in the next few months.

The Senate Finance Committee held hearings to learn more about the tax implications of climate change legislation, including whether companies should be taxed for carbon emission allowances.

A new appeals court ruling could make it easier for companies to claim research and development tax credits from the IRS by allowing them to rely on oral testimony instead of a project expense-tracking system.

Sen. Johnny Isakson, R-Ga., has introduced a bill that would increase the maximum amount of the first-time homebuyer tax credit from $8,000 to $15,000.

Minority-owned businesses were less successful in obtaining awards from the Treasury Department’s New Markets Tax Credits program than non-minority entities in recent years, according to a new government report.

An influential group of financial executives is urging Congress to oppose the Obama administration’s proposals for reforming the corporate tax system, especially the rules used by multinational companies to defer paying taxes on foreign earnings.

The House has introduced a bill to ban patents on tax-planning methods and strategies after previous versions of the legislation died in the last congressional session.

The Senate Finance Committee released a set of policy options for financing health care reform, including modifying the current tax treatment of health-related expenses.

The Making Work Pay Credit is this year's economic stimulus to help get the economy going, just as the economic stimulus payments and related recovery rebate credit were last year's effort to stimulate the economy.

Proposed legislation that was written initially to target hedge fund managers could impact a much larger array of partnerships in areas such as real estate.

Although I reside in one of the most overtaxed and inarguably free-spending states in the union, I did not attend any of the many "Tea Parties" held last month, fittingly, on April 15. Though I was sorely tempted because - for those not familiar with the fiscal drumbeat of New York - tax hikes are as predictable as a Mets' late-season collapse or delays in the 80-year odyssey better known as the Second Avenue Subway.

The IRS is providing a new withholding adjustment option for pension plans as a way to get around some of the glitches that have developed with the new Making Work Pay tax credit.

The Senate Finance Committee held hearings to determine how to pay for health insurance reform, including through new taxes and tax credits.

New York City CPA Jonathan Medows specializes in helping small business owners and freelancers cope with the economic crisis.