Tax practice

The Internal Revenue Service has issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan.

Senate Finance Committee chairman Max Baucus, D-Mont., has released the first in a series of discussion drafts for overhauling the Tax Code, with the first set of proposals focusing on international tax reform.

Thomson Reuters has introduced a database on worldwide transfer pricing information for multinational companies.

The Internal Revenue Service needs to ensure the security of its virtual servers, according to a new report.

The higher tax rates passed by Congress this year have some top U.S. earners seeking last-minute strategies to lower their tax bite as year-end calculations turn up unpleasant surprises.

Behind the glazed white terra cotta facade of the Ritz-Carlton hotel in New Orleans is a 16-year legal battle with the Internal Revenue Service.

Iron Mountain Inc. and Equinix Inc., two technology companies seeking to convert to real estate investment trusts, said the U.S. Internal Revenue Service is proceeding with work on evaluating their eligibility.

Unlike last year, tax planning for 2013 is not hampered by uncertainties over a looming fiscal cliff. Unfortunately, there is always some uncertainty and a few expiring provisions to warrant special attention by taxpayers.

Many small and midsize online retailers are worried about the impact on their profitability if federal legislation is approved that would require them to collect sales taxes from customers, according to a new survey.

The Internal Revenue Service needs to take additional steps to improve security at some of its facilities, according to a new report that found an increase in threats to IRS employees in recent years.

U.S. and French officials signed an intergovernmental agreement Thursday to advance the implementation of the Foreign Accounting Tax Compliance Act.

The head of the Internal Revenue Service’s small business unit said his division expects to move from focusing on audits of small corporations to partnerships.

The Internal Revenue Service has admitted to mistakenly assessing penalties on businesses that had requested extensions on filing the Form 5500 for their employee retirement plans.

The Internal Revenue Service has released nearly 3,000 pages of training materials used by the Internal Revenue Service’s Exempt Organizations unit in making determinations of whether to grant tax-exempt status to organizations, in response to a lawsuit from the nonprofit publisher Tax Analysts.

A Kentucky circuit court judge has ruled that Grant Thornton is liable for more than $100 million in damages to be paid to a business owner and his family after he was sold an offshore tax shelter that the Internal Revenue Service considered abusive.

A unit set up by the Internal Revenue Service to improve international tax compliance by individuals is paying off, according to a new government report, enabling IRS auditors to assess an additional $36 million in taxes for fiscal years 2011 to 2013.

Thomson Reuters has released a Web-based analytical tool to help tax practitioners and employee benefits professionals make decisions about the Affordable Care Act for their clients and companies.

A New York man has pleaded guilty to leading one of the largest and longest-running tax refund fraud schemes associated with identity theft ever perpetrated in the U.S.

A couple who owned a Hollywood-area movie post-production company have pleaded guilty to fraud and theft charges after admitting to embezzling their employees’ payroll taxes and failing to remit the money to the Internal Revenue Service.

By misinterpreting federal law, the Internal Revenue Service has sharply limited the number of erroneous tax refunds and improper tax credit claims on which it can assess penalties, according to a new study.