Breeden Capital Management LLC said Wednesday it is turning its attention to tax preparation firm H&R Block Inc., The Associated Press reported.

Senate Republicans on Thursday blocked a $32 billion package of tax breaks for renewable energy that would have been financed mostly by new taxes on major oil companies, The Associated Press reported.

H&R Block Inc. swung to a fourth-quarter loss Thursday as the continuing struggles of its mortgage lending arm offset higher revenue in its tax and financial services divisions, The Associated Press reported.

Tax-writing committees in Congress are weighing a curtailment of a little-known tax break that aides private equity firms and hedge funds in cutting their tax bills, The New York Times reported Thursday.

The Internal Revenue Service announced on June 20 that there will be no change in the interest rates for the calendar quarter beginning July 1, 2007.

The Internal Revenue Service recommends that employers, payers and their agents begin using a new, improved version of the agent appointment form immediately, to avoid delays in having the IRS approve the agent appointments.

Want to light up the pleasure center in your brain? Just pay your taxes, and then give a little extra voluntarily to your local food bank. University of Oregon scientists have found that doing those deeds can give you the same sort of satisfaction you derive from feeding your own hunger pangs.

Hedge-fund and private-equity managers, already under congressional scrutiny for the lower tax rate they pay on their profits, may also be targeted for a strategy they use to pay less on their management fees, Bloomberg News reported.

The Internal Revenue Service released on June 14 for comment and discussion a draft Form 990, the annual return required to be filed by tax-exempt organizations to report information about their operations.

As Toyota announced the sale of its millionth hybrid vehicle, a bipartisan group of New York state lawmakers and environmentalists was pushing Thursday for reinstatement of a sales-tax break for buyers of fuel-efficient cars, Newsday reported.

IBM Corp. saved about $1.6 billion last month by using a corporate tax loophole that has since been closed, The Wall Street Journal reported in its online edition Wednesday.

Internal Revenue Service officials announced on June 6th plans to launch a new National Research Program (NRP) reporting compliance study for individual taxpayers that will provide updated and more accurate audit selection tools and support efforts to reduce the nation's tax gap.