Tax

Bankers hope that new tax policy will respect the role of tax-assisted community development programs in encouraging business investment in distressed areas.

A new IRS rule aimed at stopping fraud could also delay tax refunds and boost business for shops offering high-priced tax refund anticipation loans.

If Washington lowers taxes as much as banks and the rest of corporate America hope, it will yield a bonanza of earnings per share, new tech investments or investor dividends … right? Not exactly, bank leaders warn.

Certain cash-strapped consumers expecting a tax refund this year will be waiting longer than usual to get their funds because of a new IRS rule, prompting American Express Co. to expand the channels available to taxpayers looking to get their refund quickly through its Serve prepaid card.

The new study highlighting the importance of the credit union tax exemption comes at a time when Congress is looking for new ways to boost government revenues and save taxpayers money.

As President-elect Trump and the new Congress proceed on tax reform, there is one exemption in particular that needs to be closed, shut and buried.

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.