Tax practice

Two brothers who owned a California trucking company involved with drug traffickers have received prison sentences for attempting to bribe an IRS revenue officer in exchange for lowering their taxes.

Sen. Bill Nelson, D-Fla., is pressing the Internal Revenue Service to do more to curb tax fraud by prison inmates, especially in his state, where the problem is the most prevalent.

Online tax preparation site Taxbrain has introduced a service that lets taxpayers ask questions or have their taxes prepared by CPAs and enrolled agents through a video chat link.

The North Carolina Department of Revenue is pointing to inaccurate information from the IRS as the reason why it sent tax due notices to up to 2,000 state taxpayers.

A group of citizen militia members have been arrested and charged with conspiring to murder a federal judge and an IRS employee, along with weapons and explosives charges.

Rep. Jan Schakowsky, D-Ill., has introduced a bill that would levy taxes of 45 to 49 percent on millionaires and billionaires.

The Internal Revenue Service has recommended new procedures to electronic filers when e-filing for a repayment of the First-Time Homebuyer Credit.

A Maryland man who has managed professional basketball players and boxers since 1999 has pleaded guilty to tax evasion and fraud charges.

It’s comforting to know that tax reform is proceeding apace on several different fronts.

The Internal Revenue Service has released a proposed regulation that would give taxpayers up to 120 days to provide the IRS with an authorization permitting the disclosure of their tax returns and tax information to a designated third party.

House Ways and Means Committee Chairman Dave Camp, R-Mich., has proposed reducing the top individual and corporate tax rate to 25 percent.

The 64-year-old owner of a Maryland tax preparation business has been sentenced to 210 months in prison for a tax shelter scheme in which he colluded with an IRS revenue officer.

Intuit reported Thursday that it has seen an increase in the number of tax returns electronically filed by professional preparers so far this tax season.

CCH is warning office betting pools that any winnings they get from their picks in NCAA college basketball March Madness brackets count as taxable income.

The House Ways and Means Subcommittee on Select Revenue Measures held a hearing Wednesday on the tax implications of a proposed bill aimed at preventing taxpayer money from being used to fund abortions.

A Tennessee congressman has introduced a bill that would allow the Internal Revenue Service to prepare taxes for a taxpayer.

A senior citizens advocacy group is warning that millions of elderly taxpayers are finding themselves in the position of unexpectedly owing hundreds of dollars in back taxes as a result of the Making Work Pay tax credit, and in some cases paying penalties.

State budget deficits are prompting governors to slash spending, but also shift the tax burden away from corporations.

While the IRS has made progress in correcting some of its previously discovered information security weaknesses, control weaknesses over key financial and tax processing systems continue to jeopardize the confidentiality, integrity, and availability of financial and sensitive taxpayer information, according to a new report from the Government Accountability Office.

The Joint Committee on Taxation, which operates under the auspices of the tax-writing committees of the Senate and the House, has been given the task of conducting specific research that will help advance the ability of Congress to enact comprehensive tax reform.