Tax practice

Princeton University’s Seeley G. Mudd Manuscript Library has recently acquired the papers of a former IRS investigator who uncovered evidence of secret campaign donations to then-Congressman Lyndon Baines Johnson.

The American Institute of CPAs is urging Congress to repeal a 3 percent tax withholding rule facing government contractors and individuals such as farmers and medical professionals.

A revenue agent with the Internal Revenue Service has been sentenced to 36 months in federal prison for filing fraudulent tax returns for himself and innocent relatives that claimed, among other things, bogus deductions for alimony and mortgage payments.

Early tax collection data for the first quarter of the year indicates that tax collections have grown for the fifth straight quarter, according to a new study.

In the aftermath of the devastating tornado Sunday in the Joplin, Mo., area, the Internal Revenue Service is giving victims additional time to meet their tax obligations.

Jackson Hewitt Tax Service filed for Chapter 11 bankruptcy, but said it has reached a definitive agreement with its secured lenders on a restructuring plan.

A coalition of Republican and Democratic lawmakers has introduced a trio of bills aimed at protecting access to medical marijuana under tax and banking laws, and changing the existing laws to reflect the medical efficacy of marijuana.

House Republicans introduced a 10-page document outlining their “Plan for America’s Job Creators Agenda,” including lowering the top tax rate for businesses and individuals from 35 to 25 percent and reforming the Tax Code to encourage U.S.-based businesses to repatriate their overseas profits.

Denis Field, the former chairman and CEO of accounting firm BDO Seidman, was convicted along with two attorneys from the law firm Jenkens & Gilchrist and a Deutsche Bank broker, of participating in a $7 billion tax shelter scheme that lasted a decade.

A bipartisan group of lawmakers has introduced a bill that would allow the Internal Revenue Service to share confidential taxpayer information with law enforcement to help track down missing children.

A majority of banking executives believe they will have a difficult time addressing the tax implications of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III accords, according to a new survey.

Enhanced pre-refund compliance checks would enable the Internal Revenue Service to help confirm taxpayers' identity, quickly and efficiently correct some errors with virtual certainty, and identify and audit some returns before refunds are issued, according to a new government report that fueled a debate in Congress over refundable tax credits.

The Internal Revenue Service found over 245,000 identity theft incidents last year, according to a new government report that assessed the IRS’s efforts to stem the growing problem, as victims testified before the Senate.

IMGCAP(1)]Meet the new IRS. The kinder, gentler IRS. It’s an agency with processes that are fast becoming structured, streamlined—and strangely quiet. Quiet, that is, except on paper.

The House Ways and Means Committee held a hearing Tuesday on how other countries have used tax reform to help their companies compete globally.

The National Society of Accountants has begun offering a new self-study course to prepare for the exam that the Internal Revenue Service will require all registered tax return preparers to pass.

stimulus, government contractors, back taxes, gao, grassley, carl levin, congress

A Hillsdale, N.J., woman was sentenced to probation after admitting that she filed a false tax return and concealed more than $750,000 in a Swiss bank account,

A Boston venture capitalist and director at the Boston Private Bank and Trust Company has been charged with failing to report his foreign bank account and income to the Treasury Department.

A bipartisan pair of U.S. senators from Florida, Democrat Bill Nelson and Republican Marco Rubio, have introduced a bill that would simplify the tax-filing requirements of senior citizens.