Business - Taxes and Tax Season

WASHINGTON (AFP) - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported. Full Story »

WASHINGTON (Reuters) - President Barack Obama will ask the Congress on Wednesday to increase and permanently extend a tax credit for business research as a way of boosting job growth, an administration officials said on Sunday. Full Story »

Leading voices in both parties sparred Sunday over the state of the economy and the role that Bush tax cuts should play in the recovery. Full Story »

WASHINGTON - Seeking ways to spur economic growth ahead of the November elections, President Barack Obama will ask Congress to increase and permanently extend research and development tax credits for businesses, a White House official said Sunday. Full Story »

WASHINGTON (AFP) - US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections. Full Story »

SYDNEY (Reuters) - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday. Full Story »

No: Tax relief for the wealthy is bad stimulus The Bush tax cuts, which cost $1.7 trillion between 2001 and 2008, are set to expire at year’s end, posing several critical questions: Which tax cuts should be extended and for whom? Will permanent cuts boost the economy? Full Story »

Nearly three years after the recession began, President Obama wants to pass a jobs bill. It's not his first jobs bill, but the others--including the big $800 stimulus plan from 2009--haven't quite done the trick. So Obama is pushing for new tax breaks and cheap, government-backed loans for small businesses, with the hope that easier credit and a bit more take-home pay will spur them to hire more workers. Full Story »

WASHINGTON - Obama calls anew for Congress to pass legislation providing tax relief for small businesses. Full Story »

SYDNEY - Actor Paul Hogan, star of the "Crocodile Dundee" movie trilogy, has been cleared to return home to the United States after he was barred last month from leaving Australia because of a disputed tax bill, his lawyer said Friday. Full Story »

WASHINGTON - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans. Full Story »

It may seem a bit strange to be talking about income taxes in September. There are, however, good reasons to think about taxes well before April 15. For starters, there are some big changes in the tax code that go into effect in 2011. Depending on your income tax bracket and investments, some simple planning now could save you a bundle later. Full Story »

NEW YORK (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming. Full Story »

WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming. Full Story »

WASHINGTON - A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-term loans. But careless consumers could end up racking up fees and padding bank profits. Full Story »

NEW YORK - News that the administration is weighing tax cuts is welcome, but the president needs to take concrete action on the economy now—and stop blaming Bush—to win voters, says Douglas E. Schoen. Full Story »

LOS ANGELES - Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss narrowed versus the prior-year period as the homebuilder booked fewer land-related write-downs. But signed contracts on new homes tumbled 37 percent as demand slowed in the absence of homebuyer tax credits. Full Story »

WASHINGTON - Departing White House economist Christina Romer says the government has the tools for bringing down unemployment, but policymakers need to find the will and wisdom to use them. Full Story »