The US budget deficit fell in March, driven in part by rise of revenue and change in timing of benefit payments.» Read More
Earlier this month, Intuit cut its estimate for the second quarter ended Jan. 31 after the U.S. Internal Revenue Service delayed by 10 days to Jan. 31 the date on which Americans could begin filing their 2013 tax returns.
WASHINGTON, Feb 20- The U.S. Treasury Department moved on Thursday to shut the door on further 11th- hour tweaks to a new law set to take effect on July 1 that is meant to fight offshore tax evasion by Americans.
WASHINGTON, Feb 20- The U.S. Treasury Department announced on Thursday it was easing some of the reporting requirements for banks and investors under a global anti-tax evasion law due to take effect on July 1. The law requires foreign banks to share information about Americans' accounts of more than $50,000 with the Internal Revenue Service, the U.S. tax agency.
SYDNEY- Institute of Internal Finance/G20 conference in Australia. Speakers: Deputy Prime Minister of Turkey, Ali Babacan, Financial Stability Board Secretary General, Svein Andresen, U.S. Department of the Treasury Assistant Secretary, Marisa Lago and South African Reserve Bank Deputy Governor Daniel Mminele.
WASHINGTON, Feb 18- General Electric Co is suing the U.S. Internal Revenue Service for a $658 million tax refund related to a tax loss the company claimed as it exited the reinsurance market more than a decade ago.
The U.S. Internal Revenue Service delayed by 10 days to Jan. 31 the date on which Americans can begin filing their 2013 individual tax returns due to complications related to the government shutdown in October. Intuit cut its adjusted earnings estimate to 1- 2 cents per share for the quarter ended Jan. 31, from the 25 to 27 cents it expected earlier.
A federal court judge had invalidated test-taking and continuing education requirements the IRS wanted to impose on hundreds of thousands of unregulated tax-return preparers. Institute for Justice in 2012, a libertarian group, challenged the program, arguing Congress did not give the IRS the authority to regulate tax preparers.
CNBC's Eamon Javers reports Jack Lew says the Treasury will extend into "extraordinary measures" to enable the government to continue paying bills.
Could the U.S. Treasury Department withhold tax refunds if a government default was near? Mark Patterson, Center for American Progress senior fellow, weighs in on the debt ceiling mess on Capitol Hill.
OTTAWA, Feb 5- Canada has signed a tax-information sharing agreement with the U.S. Treasury Department ahead of a new U.S. law that will crack down on offshore tax avoidance, senior Canadian finance officials said on Wednesday.
NEW YORK, Feb 4- The U.S. government on Tuesday sold $8 billion in one-month Treasury bills at the highest interest rate since mid-October amid concerns it may not be able to raise its $16.7 trillion borrowing limit by early March. On Tuesday, the Treasury Department said it would pay dealers and investors 0.13 percent on $8 billion of its debt due on March 6.
WASHINGTON, Jan 31- The chief of the U.S. Internal Revenue Service said on Friday that a new law meant to fight offshore tax dodging by Americans will not be delayed again beyond its July 1 effective date, despite a clamor among banks asking for more time and guidance.
NEW YORK, Jan 30- U.S. Treasuries prices fell on Thursday ahead of the U.S. Treasury Department's auction of five-year notes and seven-year debt and after the release of upbeat data on U.S. economic growth in the fourth quarter. The U.S. Treasury Department will sell $35 billion in five-year notes and $29 billion in seven-year debt on Thursday.
WASHINGTON/ BOSTON, Jan 29- President Barack Obama's new "myRA" retirement savings program will be run by a private-sector money management firm chosen by the U.S. Treasury Department from a field of up to 30 firms, a senior administration official said on Wednesday.
Investors don't have to ditch bonds to survive the taper but just need to pick the right bond ETFs.
Former U.S. Treasury Secretary Lawrence Summers, discusses the government's intervention in preventing an economic collapse in the U.S. during the financial crisis of 2008, and shares his thoughts on the slow growth recovery. We got to find ways of doing more, says Summers.
Congress should act as soon as possible and make sure there are no more self-inflicted wounds, says U.S. Treasury Secretary Jack Lew, discussing why lawmakers need to act in a timely manner to increase the nation's debt limit so the government can pay its bills.
Regulators are looking at Warren Buffett's Berkshire Hathaway to see if its failure would threaten financial stability, according to Bloomberg.
CNBC's Hampton Pearson reports that Treasury Secretary Jack Lew has sent another letter to Congress to urge them to act quickly on raising the debt limit before the February 7th deadline.
WASHINGTON, Jan 22- A senior U.S. Treasury Department official said on Wednesday that Republican Party opposition to a new law meant to fight offshore tax dodging by Americans will not impede the Obama administration's efforts to implement it worldwide.