The Senate voted 84-15 Monday to confirm Janet Yellen, former chair of the Federal Reserve, as secretary of the Department of the Treasury (USDT). Yellen’s confirmation made her the first woman to
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The Professional Services Council (PSC) has requested that the Internal Revenue Service (IRS) allow employers to develop leave sharing programs to aid employees affected by Coronavirus Disease (COVID-19), the organization announced on
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President Donald Trump on Thursday imposed a 25 percent tariff on steel imports and a 10 percent tax on imported aluminum in a push to build up national security and put an
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Rep. Mick Mulvaney (R-South Carolina) has been selected by President-elect Donald Trump to serve as director of the Office of Management and Budget, Roll Call reported Friday. Ryan McCrimmon writes Mulvaney is
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The Treasury Department‘s inspector general for tax administration calls for the Internal Revenue Service to reform its processes for tax return filing and tax account access authentication to mitigate potential data breaches.
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The National Priorities Project has unveiled its State Smart website that publishes information on the paid taxes and received budget of each state in an interactive format. Becky Sweger reports the website uses compiled federal data from sources
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The U.S. House has passed a bill to prohibit the imposition of taxes on Internet access, Reuters reported Tuesday. Kevin Drawbaugh writes the legislation would forbit state and local governments from implementing Internet connection taxes
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President Obama will nominate Sen. Max Baucus (D-Mont.) to succeed Gary Locke as the U.S. ambassador to China, Politico reported Wednesday. Maggie Haberman and Manu Raju write Baucus, chairman of the Senate
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The Internal Revenue Service has delayed the start of 2014 tax filing season as the agency continues to restart and evaluate its processing systems after the government ended its shutdown. Individual tax returns
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The Treasury Department wants to grow the number of businesses activities eligible for research tax breaks and apply some credits for production and supply costs, Reuters reported Thursday. Patrick Temple-West writes the
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