The Internal Revenue Service opened the 2012 tax season on Wednesday by extending the tax-filing deadline until April 17. Taxpayers will have until Tuesday, April 17 to file their 2011 tax returns and pay any tax due because April 15 falls on a Sunday, and Emancipation Day, a holiday observed in the District of Columbia, falls this year on Monday, April 16.

On Saturday, December 17, the Senate by vote of 89 to 10 approved the Reid-McConnell substitute amendment to H.R. 3630, the Middle Class Tax Relief and Job Creation Act of 2011. The bipartisan amendment provides for a two month extension of the payroll tax reduction for employees and for the self-employed that will under current [...]

Democrats Try to Revive American Jobs Act Proposals. Senate Democrats are trying a new tactic: introducing portions of the failed legislation as separate bills.

Team Laciak would like to wish everyone a very safe and happy Halloween.  

Survey finds CFOs & Consumers Pessimistic about the Economy. The lone potential bright spot comes from mid-market executives, who plan to increase long-term investments despite the economic uncertainty.

WASHINGTON, Sept 18 (Reuters) – President Barack Obama, in a rallying call to his Democratic base, will vow on Monday to veto any cuts in Medicare if Congress fails to raise taxes on corporations and wealthy Americans to curb the U.S. deficit. Obama’s recommendations to a congressional “supercommittee” would deliver deficit savings of more than [...]

President Obama addressed a joint session of Congress on Thursday evening to present a jobs bill containing an expansion of the payroll tax cut, tax breaks for new hires and salary raises, and other tax reform measures.

The Internal Revenue Service issued the summer 2011 issue of the Statistics of Income Bulletin, which features sole proprietorship data for tax year 2009.

The Internal Revenue Service announced on August 18, 2011 interest rates will decrease for the calendar quarter beginning Oct. 1, 2011.