Tax practice

The conservative advocacy group Judicial Watch released new Department of Justice and Internal Revenue Service documents last week indicating that the IRS gave the FBI 21 computer disks, containing 1.25 million pages of confidential tax returns from 113,000 nonprofit social welfare groups operating under Section 501(c)(4) of the Tax Code.

Victims of the early May’s severe storms, tornadoes, straight-line winds and flooding in parts of Texas may qualify for tax relief from the IRS.

The United Nations Development Program and the Organization for Economic Cooperation and Development have launched a new global initiative to help developing countries bolster their domestic revenues by strengthening their tax audit capacities.

House Republicans are proposing to tighten tax-compliance rules to keep the U.S. highway fund solvent through mid-December.

KPMG has launched a new quarterly publication to provide chief tax officers, corporate leaders and board members with a view of how their peers are coping with major tax topics and the related challenges and opportunities.

Hillary Clinton on Monday outlined a plan for economic growth focused on the middle class and signaled she'll be offering an extensive set of proposals to rein in Wall Street in one of the first major policy speeches of her presidential campaign.

Two Swiss banks agreed to pay combined penalties of about $8.3 million to avoid prosecution under a U.S. program that requires Swiss firms to say how they helped American clients avoid taxes.

A federal appeals court upheld a sentence that didn’t include prison time for H. Ty Warner, the billionaire creator of Beanie Babies plush toys, who evaded $5.6 million in taxes after hiding money in a Swiss bank account.

Some of our favorite recent tax fraud cases.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The middle of summer is not the time of year that most of us want to think about taxes. However, the IRS’s tangible property repair regulations that were released this year require some reflection.

More than 80 percent of large corporations have been offered incentives by a state or local economic official for a new development or corporate relocation, according to a new study by Bloomberg BNA.

Senate Democrats have introduced legislation to make the Tax Code gender neutral in the wake of the Supreme Court’s ruling last month extending same-sex marriages to every state.

Highlights of some of our favorite tax-related blogs from the past week.

The Internal Revenue Service and the Treasury Department plan to amend the required minimum distribution regulations under Section 401(a)(9) of the tax code to address the use of lump sum payments to replace annuity payments being paid by a qualified defined benefit pension plan.

The IRS’s Taxpayer Advocate Service has developed several online tools to help taxpayers and employers estimate their tax credits and payments related to the Affordable Care Act.

Wealthy people have lots of ways to avoid the estate tax. But a federal judge says one family got a little too creative in dodging its tax bill.

A tax strategy once used by the hedge fund Renaissance Technologies is attracting a new level of scrutiny from the IRS.

A scammer who organized a scheme in which taxpayers were threatened with calls purporting to come from the Internal Revenue Service and the FBI demanding payment has been sentenced to 14 years in prison.

The Internal Revenue Service’s Whistleblower Office received more claims last fiscal year than in any prior year as the program has begun paying out larger awards to tipsters with information on tax evaders.