Archive for Treasury Department
You are browsing the archives of Treasury Department.
First-Time Homebuyers Have Several Options to Maximize New Tax Credit
As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases. For people who recently purchased a [...]
Tax Problems Plague Obama Nominees
“In this world, nothing is certain but death and taxes.”
Despite certainly having heard this famous Ben Franklin quote, three of President Barack Obama’s top appointees have neglected to pay parts of their taxes, bringing such intense media scrutiny that two of them have withdrawn their nominations.
Tom Daschle, Obama’s nominee for Secretary for Health and Human [...]
GMAC Gets $6 Billion from Treasury
The government announced Monday that it will inject $6 billion into GMAC Financial Services, an automotive financing, insurance and mortgage firm seen as essential to the survival of General Motors Corp.
The Treasury Department will give $5 billion directly to GMAC for equity shares paying an 8% dividend. The Treasury will also lend $1 billion to [...]
