Business - Taxes and Tax Season

MIAMI - More than 14,700 U.S. taxpayers came forward to disclose billions in offshore bank accounts in 70 countries under a voluntary Internal Revenue Service program allowing most to avoid criminal prosecution as long as they pay what they owe, IRS officials said Tuesday. Full Story »

WASHINGTON (Reuters) - U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers. Full Story »

WASHINGTON (Reuters) - U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers. Full Story »

WASHINGTON (Reuters) - Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday. Full Story »

BERNE (Reuters) - Most of the thousands of rich people whose UBS bank accounts are to be handed over to U.S. authorities are suspected of serious fraud rather than simple tax evasion, Swiss authorities revealed on Tuesday. Full Story »

BERN, Switzerland - American clients who each hid more than 1 million Swiss francs in undeclared bank accounts with UBS AG between 2001 and 2008 could have their details turned over to the U.S. government, Swiss officials said Tuesday. Full Story »

ZURICH (Reuters) - UBS boss Oswald Gruebel set an ambitious target for annual pretax profit of $15 billion, vowing to rebuild the loss-making bank and win back clients after the subprime crisis and a bitter U.S. tax row. Full Story »

WASHINGTON (Reuters) - The Federal Reserve Bank of New York used a weak negotiating strategy that failed to wring concessions from AIG trading partners last year, allowing them to reap nearly $30 billion in payments from U.S. taxpayers, a government audit report said on Monday. Full Story »

WASHINGTON — More than 15 million taxpayers may owe the government $250 or more because of how the IRS last spring set up President Barack Obama's tax break that was designed to help consumers spend the U.S. economy out of recession. Full Story »

Tax treaties rarely get much attention on Capitol Hill, but as Democratic tax writers and the Obama administration pursue a crackdown on international tax evasion, they say a pending pact with Malta could provide a model for -- and a boost to -- their efforts. Full Story »

ST. PAUL, Minn. - The defense is telling its side in the fraud trial of Minnesota businessman Tom Petters. Full Story »

BISMARCK, N.D. - A Bismarck state senator says North Dakota's insurance premium tax on nonprofit health insurance companies should be abolished. Full Story »

CHICAGO/ZURICH (Reuters) - Swiss bank UBS may hand over only a small amount of bank data as part of a U.S. settlement because the Internal Revenue Service has succeeded in cracking down on tax evaders, a radio station reported. Full Story »

GENEVA (AFP) - Swiss bank UBS might have to disclose only a "very small" number of US account holders compared to those envisaged in a settlement for a tax evasion case, the US ambassador to Switzerland has said. Full Story »

WASHINGTON (AFP) - A Democratic US senator on Friday unveiled details of a plan to create a tax credit for businesses that create jobs, as the White House has called a December summit to tackle sky-high unemployment. Full Story »

WASHINGTON (Reuters) - The U.S. government's $700 billion bailout program will ultimately produce an overall loss for taxpayers, a key auditor for the program said on Thursday. Full Story »

ELMWOOD PARK, N.J. - Emdeon Corp., which provides financial and clinical services to the health care industry, said Tuesday its third-quarter loss widened on higher expenses and a boost in income tax costs. Full Story »

LINCOLN, Neb. - Nebraska tax revenue in October rebounded after a dismal September that prompted a special legislative session to cut the state budget, but collections still fell below official projections. Full Story »