Tax practice

A federal grand jury has indicted an Internal Revenue Service revenue agent on charges of filing false tax returns, helping others file false tax returns, and threatening to kill tax agents who were investigating him.

The Financial Crisis Inquiry Commission held three days of hearings this week to investigate some of the causes behind the financial crisis, grilling former Federal Reserve Chairman Alan Greenspan and various executives.

An H&R Block office in the Bronx has allegedly been used for identity theft with employees or former employees the likely culprits in stealing the identities of at least 20 customers to claim refunds in their name.

An unprecedented number of tax preparers in Manhattan and the Bronx have been charged in a variety of tax fraud schemes a week before the end of tax season.

Senior revenue officers at the Internal Revenue Service who are supposed to handle more complicated tax cases oftentimes don’t receive any work assignments, according to a new government report.

With economic uncertainty still lingering, many Americans plan to use their tax refunds conservatively, according to a new survey.

The Internal Revenue Service and the Justice Department have been stepping up their efforts to investigate and prosecute tax practitioners preparing fraudulent returns.

The Internal Revenue Service has updated its Web site to provide information to small employers regarding the new tax credit for providing health coverage.

The Internal Revenue Service has released guidance about the reporting obligations for certain shareholders of passive foreign investment companies who are subject to an annual filing requirement under the recently passed HIRE Act.

CCH has provided a list of the biggest tax breaks from last year that individuals can take on their 2009 tax returns.

Tea Party activists are planning an Online Tax Revolt that will send an army of avatars on a virtual march on Washington on Tax Day, April 15.

The Treasury Department and the Office of Management and Budget have opened a new office that will focus on improving financial management processes across the federal government.

The Internal Revenue Service said that many small businesses and tax-exempt organizations that provide health insurance coverage to employees now qualify for a new tax credit, thanks to the health care reform bill.

A Los Angeles doctor who operated a medical clinic that peddled herbal medicine cures has been arraigned on tax evasion, wire fraud, mail fraud, witness tampering and criminal forfeiture charges.

The Internal Revenue Service has indeed been taking steps to assist economically distressed taxpayers who have fallen behind on their payments, a government report confirmed.

IMGCAP(1)]Several lucrative federal tax incentives have been extended and enhanced for energy efficient design, construction, and improvement of buildings and homes.

Fifteen of the largest U.S. states have forecast gains intax revenue for 2011, ending a two-year slide in tax collections, while all 50states expect to hike collections by about 3.5 percent.

The Senate has temporarily extended two provisionsenacted in the Recovery Act that increase government guarantees and eliminatefees on small-business loans through April 30.

Taxpayers may have to finish filing their taxes by April15, but they'll have earned enough to pay their share by April 9, according tothe Tax Foundation.

A federal judge here has ruled that a professionalliability insurer is not obligated to defend or indemnify an accounting firm inconnection with the recommendation by a firm member of a tax-sheltertransaction.In its ruling, thecourt held that the firm member was acting as an agent for the company thatmarketed the plan.