Tax practice

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.

The former manager of a Long Island-based Jackson Hewitt office has pleaded guilty to preparing a false tax return after being accused of helping prepare numerous false returns.

With summer already about halfway over, shoppers in several states can expect sales tax breaks on the purchase of various school-related goods in upcoming weeks, according to CCH.

House Republicans have charted a course for expedited tax reforms next year in case they control Congress and the White House.

The Internal Revenue Service issued two revenue procedures Thursday requiring reporting agents who remit taxes on behalf of clients to use electronic systems.

The Treasury Department released a model intergovernmental agreement Thursday for implementing the Foreign Account Tax Compliance Act, developed in consultation with France, Germany, Italy, Spain and the United Kingdom.

Democrats on the House Ways and Means Committee introduced two pieces of legislation Thursday to provide tax credits for clean energy manufacturing and renew the Build America Bonds program.

I can’t think of a business in America that welcomes an IRS audit with open arms; for most, it is a highly stressful and worrisome time.

The Senate voted mostly along party to pass a Democratic bill to extend the Bush tax cuts for household incomes below $250,000 a year after rejecting a Republican bill to extend them for taxpayers at all income levels.

The Accounting Today Institute has created an online bundle of 15 hours of continuing education aimed specifically at meeting the requirements the IRS has established for registered tax preparers.

The House has voted to audit the Federal Reserve, backing an issue promoted by Rep. Ron Paul, R-Texas, in his presidential campaigns.