Tax practice

There were nearly four times the number of changes in indirect taxes such as sales and use taxes and value-added taxes around the world in the second quarter of this year, compared to the same period last year, according to a new report.

Identity theft is having a much larger impact on tax administration than the amount the Internal Revenue Service detects and prevents, according to a new report.

Senator Marco Rubio, R-Fla., has introduced legislation to exempt U.S. Olympic medal winners from paying taxes on the medals that they win.

The House voted Wednesday to approve a Republican-sponsored bill to extend the current tax rates for all income levels for an additional year, rejecting the Democratic alternative passed by the Senate last week that would have only extended the tax cuts for household incomes under $250,000 a year.

A Senate committee held a hearing Wednesday to discuss legislation requiring Internet retailers to charge their out-of-state customers sales taxes.

An Arizona accountant who pleaded guilty to preparing a false tax return was sentenced to three years’ probation.

The Senate Finance Committee held a hearing Wednesday on tax reform and the tax treatment of different business entities such as pass-through S corporations and C corporations.

The Senate Finance Committee has scheduled a session on Thursday to mark up an extenders bill for the dozens of tax break provisions that expired at the end of 2011, or that will expire at the end of this year.

Highlights in tax news from the previous month

Now that it's constitutional, what does the Affordable Health Care Act mean?

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

If you’re an Olympic gymnast and you fail to do all of the moves in a compulsory routine, you’re subject to a mandatory deduction. Does the same thing apply to tax deductions?

The Internal Revenue Service has begun processing more claims under its whistleblower program, paying over 90 awards since October 2011, after an influential senator held up confirmation of two high-ranking Treasury Department officials.

The Internal Revenue Service has released final regulations governing tax deductions for entertainment use of business aircraft.

Sean Roberts and Nadia Roberts of Tehachapi, Calif., were sentenced July 30, 2012 to 12 months and one day in prison for hiding millions of dollars in secret offshore bank accounts in Switzerland and other banks around the world.

Mitt Romney, the presumptive Republican presidential nominee, admitted he has been audited by the Internal Revenue Service.

Democrats on the House Ways and Means Committee introduced on Monday a version of the middle-class tax cut extension legislation that passed the Senate last week.

Rep. Dave Camp, R-Mich., the chairman of the tax-writing House Ways and Means Committee, is scheduled to undergo treatment for non-Hodgkins lymphoma.

The Internal Revenue Service is not always fully reimbursed for services it provides to other federal government agencies, according to a new report.

Speaker of the House John Boehner, R-Ohio, said he would allow a vote next week on legislation that House Democrats plan to introduce to extend the expiring Bush tax cuts for middle-class taxpayers, while Republicans also plan a vote on their own proposal to extend tax cuts for taxpayers at all income levels.