Tax practice

The Senate Finance Committee held a hearing Tuesday to examine tax administration systems around the world.

The Internal Revenue Service said Tuesday it expects to receive 10 million tax extension requests in 2011, approximately the same as last year.

Fewer workers this year plan to use their tax refunds to pay off their bills, and more plan to put the money into savings, according to a new survey.

The American Institute of CPAs has joined up with the White House on a new initiative aimed at helping veterans and their families who want to start or grow a small business.

A pair of U.S. lawmakers has introduced a bill that would allow the courts to intercept tax refunds from delinquent debtors who owe restitution to victims or have outstanding court fees.

IMGCAP(1)]In 2009, U.S. prosecutors achieved a staggering victory against UBS, forcing the largest Swiss bank to settle criminal and civil charges that it aided and abetted tax fraud by assisting Americans to hide funds from U.S. taxation.

A Bronx tax preparer has been convicted of using the Social Security numbers of children to file false tax returns.

More than 224,000 people who received passports in 2008 owed a total of over $5.8 billion in federal income taxes, but Congress would need to change the laws to enable the State Department to coordinate with the IRS on denying them passports, according to a new government report.

The Internal Revenue Service has paid an unidentified CPA $4.5 million as the first award under its newly expanded whistleblower program.

The Internal Revenue Service has warned that tax refunds may be delayed for paper-based tax returns in the event of a government shutdown.

It’s easy to understand the IRS Small Business/Self-Employed Division’s rollout of its program to request QuickBooks or Peachtree files from small business taxpayers under examination.

The Justice Department said Thursday it is trying to get a court order that would allow the Internal Revenue Service to request bank account records from HSBC Bank’s India unit to help identify U.S. residents who are evading federal taxes.

JK Harris & Company has been ordered to pay $800,000 in refunds to its Texas clients after the Texas Attorney General won a lawsuit against the tax debt representation firm.

The White House has debuted a new online calculator to help taxpayers understand how last December’s tax cut legislation is affecting their paychecks and household finances.

New York City officials have conducted a citywide crackdown on fraudulent tax preparers, handing out violations to one in three tax preparers visited by inspectors.

The Internal Revenue Service issued its annual list Thursday of the “Dirty Dozen” tax scams it has seen this tax season.

A bipartisan group of senators has introduced a bill that would end unemployment payments to jobless millionaires.

Internal Revenue Service Commissioner Doug Shulman described his vision for a next-generation tax compliance system that would allow the IRS to pre-populate a taxpayer’s return with W-2, 1099 and other information reporting forms before a taxpayer files a return.

For busy accountants who are responsible for filing taxes on behalf of the approximately 82 million out of 228 million American adults who opt to use professional services, tax season is an emotionally wrought time.

CCH has expanded its Expert Treatise Library with two new treatises on international and state taxation.