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A U.S. law aimed at tax cheats hiding money abroad has had unintended consequences and has complicated life for many Americans living overseas.
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In a report, the department warns that a default could do damage to the economy to rival the Great Recession.
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The IRS says couples can begin filing taxes as married in 2013, and generally, same-sex couples could file amended returns for 2010, 2011 and 2012.
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Jack Lew, doing the rounds on the Sunday morning political programs, says another partisan spending fight could plunge the country back into economic crisis.
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The one-year reprieve raises new questions about the administration's ability to get the huge health law up and running in an orderly fashion. The deadline for health exchanges to begin enrolling individuals is Oct. 1.
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Although they may not have realized it, students enrolled at some of the country's top colleges lucked out last week when federal guidelines cleared up a situation that would have made them ineligible for subsidized health coverage.
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The bond market has pushed interest to the highest levels in 15 months, and that includes mortgage rates. David Greene talks to David Wessel, economics editor at The Wall Street Journal, about rising interest rates.
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An inspector general's report takes aim at how the IRS spent its money at a 2010 conference. It concludes the agency could have spent less than the $4.1 million it expended.
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Representatives of conservative groups that were targeted by the IRS tell Congress about the delays and demands they encountered when applying for tax-exempt status.
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Prosecutors called the website the "PayPal for criminals," saying it allowed users to transfer money without leaving a trace.