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The U.S. Labor Department has filed suit against Parnell & Co. LLC, alleging that the South Carolina accounting firm helped itself to at least $75,000 from the employee 401(k) plan.
Senators Tom Coburn, R-Okla., and Claire McCaskill, D-Mo., have introduced a bill that would require the Internal Revenue Service to collect unpaid federal income taxes from civilian federal employees.
Many of the millions of people with disabilities may be paying more in taxes than necessary, according to a disability insurance service provider.
Employees as a whole made significant improvements to their finances in 2010, despite a tepid economic recovery and sluggish rebound of job and real estate markets, according to a new study.
The Internal Revenue Service has done a turnaround on the deductibility of breast pumps as medical expenses.
The Obama administration is expected to propose a way for states to raise more money in payroll taxes to pay for the cost of unemployment insurance.
Small-business managers are expecting hiring activity within their organizations to improve in 2011, according to a new survey. However, they say it will likely be hindered by continued challenges related to accessing credit, government regulations and health insurance costs.
Senate Finance Committee Chairman Max Baucus, D-Mont., and Senate Majority Leader Harry Reid, D-Nevada, have introduced and pledged to pass a bill to repeal the expanded 1099 reporting requirements in the health law.
The Supreme Court has ruled unanimously in favor of the Internal Revenue Service, saying that medical residents are full-time employees who are subject to payroll taxes and dont qualify for the student exemption.
