EPA Announces ‘More Rigorous’ Standards for Homes to Qualify for Energy Star Label

More rigorous standards for home builders who wish to participate in the Energy Star energy efficiency labeling program will go into effect in January 2011, the Environmental Protection Agency…

Office of Thrift Supervision Criticized for Failing to Remedy Identified Problems at Washington Mutual

The Office of Thrift Supervision repeatedly identified poor underwriting practices and other problems with risky loan products offered by Washington Mutual Bank over a five-year period before…

BNA INSIGHTS: Foreign Account Tax Compliance: New U.S. Rules Requiring Reporting on Certain Foreign Accounts

This legislation is a direct result of the focus by the United States and other industrialized and developing countries on combating offshore tax evasion and recouping much needed…

Supreme Court Grants Certiorari in Challenge to First Sale Doctrine on Foreign-Made Goods

Against the recommendation of U.S. Solicitor General and prospective high court nominee, Elena Kagan, the U.S. Supreme Court April 19 granted the petition for writ of certiorari in a…

White House, House Ways & Means Committee Chairman Seek to End VAT Talk; Tax to Recoup TARP Funds Being Considered

The White House and a top congressional tax writer sought to close the door April 19 on a value-added tax, with officials saying it was not under…

BNA INSIGHTS: The Truth About Cost-Basis Reporting: You’re Not as Ready as You Think

Securities industry professionals may now be hearing more about cost-basis reporting legislation, enacted into law in November 2008 through the passing of the Emergency Economic Stabilization Act…

IRS Unveils Draft Schedule, Instructions for Reporting Uncertain Tax Positions

The Internal Revenue Service April 19 unveiled the eagerly awaited draft schedule and instructions that taxpayers would use to report their uncertain tax positions under…