Tax practice

U.S. Senate leaders are rushing to lock up an agreement to end the fiscal impasse, stepping in after House Republicans’ last-minute plan to avert a U.S. government default collapsed.

The Income Tax School Inc. has introduced the All-States Individual Income Tax Guide, aimed at students of the company’s ITS Comprehensive Federal Income Tax Course in individual Form 1040 Individual Income Tax Preparation.

A Florida psychiatrist never spent any of the millions of dollars that prosecutors claim she hid from the Internal Revenue Service, her attorney told jurors at the start of her tax trial in federal court in Fort Myers.

The facilitation of tax avoidance strategies could constitute a violation of international human rights law, according to a new report by the International Bar Association.

Although most accountants prepare taxes, that’s not the only reason that professional liability claims against accountants are most frequent in the tax area.

The Internal Revenue Service is putting the brakes on tax liens and levies during the federal government shutdown.

Legislation approved by the Senate earlier this year to require online businesses to collect sales taxes from out-of-state customers could have a unfair impact on businesses owned by minorities, women, veterans and other groups, according to a new study.

The Internal Revenue Service reminded taxpayers that the October 15 deadline remains in effect for people who requested a six-month extension to file their tax return.

The government shutdown now entering its second week does more than close museums and turn national parks into uninhabited forests: It also gums up workflow for many tax preparers and often leaves their clients with questions that are growing shriller.

A New Jersey schoolteacher who prepared taxes on the side has been sentenced to a year and a half in prison for preparing false tax returns.

As 2013 comes to an end, employers, employees and self-employed individuals should make sure they are complying with the new 0.9 percent additional Medicare tax, according to Thomson Reuters.

It won’t be long before tax season gets underway again, and before the upcoming busy season fades from mind to join all previous busy seasons, I encourage you to reflect. Think about your clients because, after all, they’re the people who contribute significantly to making your busy season what it is, in all its glory and misery. My question for you is: which three clients are you going to fire?

A New Jersey tax preparer pleaded guilty Monday to preparing false tax returns.

The Return Preparer Office of the IRS has released details on the professional credentials of those who currently hold Preparer Tax Identification Numbers, or PTINs.

The U.S. Supreme Court turned away an appeal by Robert Coplan, a former Ernst & Young LLP executive convicted of selling illegal tax shelters that cost the federal government as much as $2 billion.

Mortimer Caplin, who served as commissioner of the Internal Revenue Service in the Kennedy administration and the early months of the Johnson administration, sees problems ahead for taxpayers and practitioners from the government shutdown.

“Oh what I’d give to get a good night’s sleep.” We’ve heard that before, maybe even said it ourselves, especially during tax season. But tax preparer Joyce Linzy was prepared to spend money to make it happen.

Mr. and Mrs. Friedberg were just another couple of average married taxpayers like any other married taxpayers happily minding their own business until the IRS decided to wage a war of terror on them.

The Internal Revenue Service has temporarily stopped sending out tax refunds, and the Tax Court has suspended operations during the federal government shutdown, as lawmakers in Congress continue their battle over delaying or defunding “Obamacare” for a year.

‘Obamacare’s’ opening day drew millions of consumers to the law’s core insurance exchanges, offering supporters and investors confidence that if the websites can stay up and running, customers will follow.