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Insurance giant American International Group on Wednesday signed an agreement with the government that details its plan to repay its government loans. Meanwhile, The Wall Street Journal reports that the government plans to sell much of AIG's stock in the next few months.
The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Troubled Asset Relief Program.
In spite of growing discontent about the federal government in general, a surprising number of Americans say they're comfortable with the taxes they're paying, according to a Pew Research Center poll released Monday. Half of those surveyed say they're paying their fair share.
As April 15 creeps closer, many taxpayers are focusing on refunds. While those taxpayers rush to file their returns on or before Tax Day, the tax deadline takes on a whole other meaning for others. April 15 is not only Tax Day for the 2009 tax year -- it's the last day to claim a refund for the...
Goldman Sachs (GS), which quickly turned back into a profitable institution after taking bailout money from the government, now wants to reduce its taxes on that profit by buying tax credits from Fannie Mae. Fannie Mae earned those tax credits by encouraging low-income housing, but can't take...
How would you feel about the IRS if they apologized to you and sent you money to make up for all your troubles? Plenty of people I know would love it! They've been battered by the IRS, sometimes not because of their own errors. Other times, they have made mistakes but the IRS made it incredibly...
There's a very simple rule at the Internal Revenue Service: Employees are only supposed to look at tax records which are required to do their jobs. They're not supposed to look at anyone else's records. Not their neighbors. Not the ex-wife. Not a celebrity. Those records are off-limits.The Treasury...

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