Tax practice

A Los Angeles attorney has been sentenced to 32 months in prison and two years of supervised release for his role in a tax shelter scheme.

Thomson Reuters has upgraded its Checkpoint online tax and accounting research service with new features designed to improve the system’s efficiency, customizability and analysis.

The Internal Revenue Service cautioned taxpayers living abroad that the automatic two-month extension on their filing deadline is about to expire.

The Internal Revenue Service’s Return Preparer Office has entered the world of social networking with a new presence on Facebook.

A California man has pleaded guilty to filing false liens against several federal government offices and employees, including Internal Revenue Service agents.

The Internal Revenue Service said its electronic filing program has reached a major milestone, passing the 1 billion mark for individual tax returns processed safely and securely since 1986.

The Internal Revenue Service said Thursday that some parts of Schedule H on the Form 990 are optional for the 2010 tax year for tax-exempt organizations that operate one or more hospital facilities.

The Internal Revenue Service said Wednesday that approximately 275,000 organizations have automatically lost their tax-exempt status under the law because they did not file legally required annual reports for three consecutive years.

Former Minnesota Governor Tim Pawlenty outlined his tax cut proposals during a speech in which he called for lower tax rates than other Republican presidential candidates have suggested so far.

The Internal Revenue Service cannot verify whether individuals claiming a Qualified Motor Vehicle tax deduction are entitled to a deduction at the time their tax returns are processed.

A funny thing has been happening with the $7,500 plug-in electric vehicle tax credits that GM has been dangling before prospective buyers of its Chevrolet Volt: In many cases dealers rather than customers have been getting the tax breaks.

The Treasury Department and the Internal Revenue Service have proposed a set of changes to the New Markets Tax Credit program to encourage more money to go toward non-real estate businesses located in low-income communities.

The Internal Revenue Service has given taxpayers an extra 90 days to provide a voluntary disclosure of their offshore bank accounts if they have made a “good faith” attempt to gather the necessary materials.

The Internal Revenue Service has invited the public to comment on its plans to begin administering competency examinations for registered tax return preparers.

Even though the Internal Revenue Service hired 1,515 new revenue officers between June 2009 and February 2010, the agency still faces challenges keeping pace with attrition and an increasing workload.

The former owner of a popular tax law practice that was shut down under pressure from the California Attorney General has been hit with a $183,000 tax lien by the Internal Revenue Service.

The Internal Revenue Service has issued a notice seeking out businesses that have the necessary expertise to provide a registration and tracking system for providers of continuing education courses for tax return preparers, but the deadline for applying is Monday.

Rep. Jim McDermott, D-Wash., has introduced bipartisan legislation that aims to bring parity and equal treatment under the Tax Code for health plan beneficiaries who are domestic partners and non-spouse dependents.

Maybe it was the time of day. Or maybe I was just lucky. That’s what the CPA who prepares my tax return told me when we were able to reach the Philadelphia office of the IRS twice in a row, to speak with someone about some pesky notices I had been receiving.

The Internal Revenue Service is asking for public comments on its redesigned Form 990, which requires tax-exempt organizations to answer questions about executive compensation and other matters.