Tax practice

A loose coalition of anti-tax activists, direct marketers and financial industry trade groups has a tough task this week in overcoming bipartisan support for letting states impose sales taxes on out-of-state sellers.

Senate Finance Committee chairman Max Baucus, D-Mont., has decided not to run for re-election in 2014, instead opting to spend the next year and a half focusing on his job as Montana’s senior Senator and chairing the Senate committee in charge of tax policy, as opposed to re-election.

The Internal Revenue Service was not in compliance with all requirements of a 2010 law that increased agency accountability for reducing improper payments in federal programs, according to a new report.

The Internal Revenue Service is warning potential donors to beware of charity scams operating in the wake of the explosions last week at the Boston Marathon and a Texas fertilizer plant.

The Internal Revenue Service has issued advice from its Office of Chief Counsel providing guidance to employers who request refunds of Federal Insurance Contributions Act payroll withholding taxes for medical residents.

The Internal Revenue Service will close all of its public operations on five days from now through August because of employee furloughs, IRS Acting Commissioner Steven T. Miller told employees in a memo Friday.

The Internal Revenue Service is offering an updated way to handle problems with the Form 8949, which has been having issues this past tax season.

Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

The Internal Revenue Service improperly screens many reports of possible tax fraud submitted by taxpayers and routes them to the wrong place, according to a new government report.

Federal prosecutors in Memphis have charged 24 current and former Internal Revenue Service employees with crimes stemming from fraudulently obtaining more than $250,000 in government benefits.

A pair of senators have introduced bipartisan legislation aimed at expanding the use of S corporation employee stock ownership plans, or S ESOPs, to encourage more Americans to save for retirement.

The Internal Revenue Service needs a long-term strategy to improve the interactive services it offers online, according to a new government report.

The Internal Revenue Service does not always recognize and properly investigate signs of tax fraud, according to a new report, foregoing at least millions of dollars in potential fraud penalties.

The Internal Revenue Service granted a three-month tax filing and payment extension to Boston-area taxpayers and others affected by Monday’s explosions at the Boston Marathon.

The Internal Revenue Service is struggling to respond to an onslaught of tax returns filed on April 15, which is delaying acknowledgements to both federal and state returns.

The Senate Finance Committee held a hearing Tuesday on moving forward with solutions to tax fraud and tax identity theft as they grappled with an expanding problem that has plagued recent tax seasons.

A pair of Congressmen have introduced legislation that would allow the Internal Revenue Service to provide taxpayers with a tax form already containing information received from employers and banks to streamline the tax prep process.

A former Internal Revenue Service agent-turned-tax preparer has been sentenced to nearly 24 years in prison for defrauding his tax clients out of more than $11 million and then hiring a hit man to kill them to prevent them from testifying about the theft.

Since the Tax Reform Act of 1986 few closely held businesses have been structured as C corporations.

The state tax sites of Colorado, Illinois, Pennsylvania, Utah and Virginia are the easiest for taxpayers to use in terms of transparency, according to evaluations by the Tax Foundation.