Tax practice

A New Jersey tax preparer has been arraigned for allegedly preparing false tax returns designed to bring larger tax refunds for her clients.

A former Internal Revenue Service revenue agent has pleaded guilty to theft of public funds after she was discovered to have inflated the amount of time and travel she spent on cases.

A California man agreed to plead guilty to conspiring with people at Bank Leumi Le-Israel Ltd. and another Israeli bank to hide offshore accounts and income from the Internal Revenue Service, according to U.S. Justice Department court filings and a person familiar with the matter.

Representatives of various charities and nonprofits presented a case for preserving charitable deductions in the Tax Code in a hearing before the House Ways and Means Committee, arguing that imposing a cap on such deductions would cause many of them to cut back services at a time of critical demand.

Last time I played the slots, I lost a small sum of money. But for several accountants and tax lawyers, playing with slots could have cost them significant fines and incarceration.

The Internal Revenue Service posted an alert on its Web site Thursday to tell taxpayers and the tax community that it is experiencing high traffic on “Where's My Refund?” as more tax returns arrive.

A California tax preparer and bookkeeper has pleaded guilty to using the stolen identities of relatives and former clients to file fraudulent tax returns with the Internal Revenue Service.

Accounting and advisory firm Marcum LLP has introduced an interactive online map that tracks the status of same-sex marriage in each of the 50 U.S. states and how such unions are treated for tax purposes.

The Internal Revenue Service said Thursday that some taxpayers who are trying to e-file from Puerto Rico are unable to do so.

The Treasury Department has signed a bilateral agreement with Switzerland to share tax information in an effort to improve tax compliance and combat international tax evasion.

The Internal Revenue Service has released a report on its recently expanded whistleblower program which now offers higher awards, but the report indicated that the number of taxpayers coming forward to report tax fraud has declined in the past two years.

Intuit has introduced TurboTax CPA Select, an online system geared towards small businesses and consumers looking for someone to do their taxes for them.

The Organization for Economic Cooperation and Development is pointing to wide disparities in the low tax rates paid by many multinational corporations compared to the taxes paid by individuals and small businesses.

President Barack Obama called for tax reform as a way to temper drastic automatic budget cuts during his State of the Union address.

The Internal Revenue Service Oversight Board issued a warning to Congress that the IRS is operating in a high-risk environment, with budget constraints leading to lower staffing levels and reduce customer service for taxpayers.

The Internal Revenue Service is reminding electronic filers to review their IRS e-file application to make sure the information is still current.

Bank of New York Mellon Corp. was prohibited by the U.S. Tax Court from claiming $199 million of foreign tax credits generated in a transaction arranged by Barclays Bank Plc and KPMG LLP.

The Internal Revenue Service is cautioning tax preparers about delays in processing tax returns claiming the Child Tax Credit because of incorrectly filled out forms.

A pair of influential Senate Democrats have introduced legislation aimed at stopping multinational corporations from taking advantage of tax havens abroad.

The Seventh Circuit Court of Appeals has affirmed the dismissal of a class action that sought damages by class members as a result of the 2008 UBS tax evasion scandal.