Tax practice

Undercover investigators from the Treasury Department posing as taxpayers who needed customer service from the Internal Revenue Service were kept waiting for up to four hours in IRS offices and in some cases told to come back another day.

The Internal Revenue Service isn’t meeting a self-imposed 30-day deadline of responding to written inquiries from taxpayers, according to a new report.

Standard & Poor’s decision to downgrade the credit rating for U.S. debt could put new pressure on the members of the so-called “super committee” in Congress to agree on tax reforms.

An Alaskan tax preparer has pleaded guilty to three felony charges stemming from a scheme to defraud clients and family members out of close to $1 million.

States are coping with revenue shortfalls by getting rid of sales tax holidays and ratcheting up their audits of corporate sales and use taxes, according to new research.

Multinational companies needed to deal with 270 tax changes in the U.S. and globally in the second quarter of this year, according to a new report.

Newly released statistics from the Internal Revenue Service showed that close to 1,500 people who earned over $1 million in 2009 paid no income taxes.

The Internal Revenue Service has issued a new form that tax-exempt organizations can use to request determinations about their tax-exempt status.

The Internal Revenue Service warned U.S. taxpayers Monday that if they are hiding income in undisclosed offshore accounts, time is running out for them to take advantage of its second Offshore Voluntary Disclosure Initiative, which will expire on Aug. 31, 2011.

Herb Kelleher, the colorful long-time CEO of Southwest Airlines, once joked that if the Wright brothers were alive today, Wilbur would have to fire Orville to reduce costs.

The Internal Revenue Service has issued guidance to help taxpayers cope with the carryover basis rules for the estates of people who died last year, when the estate tax was not in effect.

After the Senate approved a reauthorization of the Federal Aviation Administration, leaders of the tax-writing committees in both chambers of Congress have asked the Internal Revenue Service to reinstate taxes on airline ticket in an orderly way.

President Obama proposed a new tax credit for businesses that hire unemployed veterans.

The U.S. Bureau of Labor Statistics reported Friday that employers added 117,000 jobs in July, sending the unemployment rate down a tenth of a percent to 9.1 percent.

IMGCAP(1)][IMGCAP(2)]Tax compliance, tax provision, sales and use tax, transfer pricing, and state tax apportionment—automation is available for each of these laborious tasks.

The Internal Revenue Service said Thursday that a supporting attachment for research and development costs is no longer required for some of its forms.

The average fee for preparing an itemized federal and state individual tax return was $233 during the 2011 tax season, only a 1.7 percent increase over 2009.

A former UBS banker who is currently an independent asset manager has been accused of helping U.S. taxpayers use secret Swiss bank accounts to evade income taxes.

The IRS’s Taxpayer Advocate Service needs to take better care to make sure that the grant funds it provides to Low Income Taxpayer Clinics are used appropriately, according to a new report.

Sales and use taxes continue to rise on average nationwide, according to a new report, with an average combined rate in mid-2011 of 9.63 percent, compared to 9.61 at the end of 2010.