Tax practice

With minutes counting down to this year's tax deadline, clients (and many of their accountants) are scrambling to get paperwork wrapped up on time. But many financial and tax professionals caution that in the heat of the moment, even the most knowledgeable can forget the basics – never mind easy-to-miss, specialized strategies.

The IRS is giving clients who got a wrong 1095-A limited relief from tax penalties.

Some of our favorite recent tax fraud cases.

Tax professionals share how they handle clients who bother them too much.

President Barack Obama and his wife reported adjusted gross income of $477,383 for 2014, down 0.8 percent from last year, according to their tax returns.

A new report from the U.S. Congress’s Joint Committee on Taxation shows that looking only at income taxes misses most of what we pay to the federal government each year.

The IRS will begin accepting applications for the Electronic Tax Administration Advisory Committee on Monday, April 13, and continue accepting them through May 22.

As the pace of serious discussions on tax reform picks up, it is evident that small businesses and global multinationals are making their voices heard, while the middle market is getting lost in the shuffle.

Taxpayers are waiting on long lines in front of the Internal Revenue Service’s Taxpayer Assistance Centers for routine services this tax season, as the IRS’s budget crunch even limits the number of printed tax forms the agency can distribute.

Victims of identity theft are continuing to experience long delays and errors in receiving their tax refunds, according to a new report.

The chief operating officer of an insurance and tax preparation business pleaded guilty Thursday to conspiring to prepare false tax returns for clients.

The consumer finance site WalletHub has created a ranking of the best and worst states to be a taxpayer.

One out of three small businesses reported spending more than 80 hours per year and more than one-quarter spend over $10,000 annually on complying with their federal tax obligations, according to a new survey by the National Small Business Association.

The Internal Revenue Service plans to take further steps to discourage taxpayers from exceeding the limits on contributions to individual retirement accounts within a single year.

If you’re scared of an audit by the IRS, there’s less to fear these days. New data show that budget cuts at the IRS mean the agency is investigating fewer wealthy taxpayers.

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

The Internal Revenue Service is seeing some success in its fight against identity theft and tax fraud despite successive rounds of budget cuts.

Not all attorney disbarments make news. But when the attorney being disbarred was an employee at the IRS who dealt with ethical issues, it becomes noteworthy.

Tax pros share their clients’ worst ideas about taxes

California and Colorado taxpayers had a higher chance of an IRS audit than taxpayers in any other states, according to a new study, while New York and Massachusetts had the highest chance of an audit of their 2013 state tax return.