Tax practice

The Internal Revenue Service has issued proposed regulations requiring paid tax preparers to furnish an identification number on tax returns and claims for tax refunds that they prepare.

The Internal Revenue Service has launched a Web-based tool that allows taxpayers to check to see if they received an Economic Recovery Payment last year.

Keith S. Fimian and Pat Herrity are part of a growing trend this year: CPAs running for a seat in Congress.

A large proportion of married business partners who file individual or partnership tax returns are unaware of the potential benefits of a more recent filing option.

As many taxpayers continue to struggle with a tough economy, tax season is finding many of them literally unprepared.

Simonton Windows is offering customers $150 off the tax preparation fee for their 2010 returns, which will be prepared in 2011, when they purchase 12 or more energy-efficient windows and have their returns prepared at H&R Block.

The Internal Revenue Service reported that the overall number of tax return filings has declined somewhat this tax season.

President Obama signed historic legislation reforming health care insurance, providing tax credits to individuals and small businesses to help them buy insurance through state-based exchanges.

The Senate Banking Committee voted along party lines to approve the financial regulatory reform bill introduced last week by Chairman Christopher Dodd, D-Conn.

Treasury Secretary Timothy Geithner said lawmakers should reject amendments designed to weaken the financial regulatory reform bill.

The IRS Criminal Investigation Division’s Los Angeles Field Office is urging taxpayers to be very careful when choosing a tax return preparer this filing season.

Jodi Hoskins, the operator of an escort service in Salt Lake City, has been found guilty of one count of tax evasion.

A woman has been charged with trying to bribe an IRS official by giving him $2,000 and a package containing promissory notes and a $100 Starbucks gift card.

With average tax refunds up nearly 10 percent this year, the White House has launched an online interactive Tax Savings Tool to help taxpayers take advantage of Recovery Act tax credits.

The House has approved health care reform legislation after a tense series of negotiations that left the vote in doubt until a group of pro-life Democrats agreed to support the bill after receiving assurances that President Obama would issue an executive order prohibiting federal funding of abortions.

The Internal Revenue Service continues to have problems with the security of its computer systems, jeopardizing the confidentiality of taxpayer information, according to a new report.

The Internal Revenue Service is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel, a federal advisory committee that makes recommendations for improving the agency’s service.

California Secretary of State Deborah Bowen, the state’s top elected Democrat, has rejected Republican congressional candidate Phil Liberatore’s ballot designation, alleging that Liberatore’s description as "IRS Problem Solver," is overly broad and associated with an entity or organization.

The health care reform reconciliation bill makes a number of adjustments in the excise taxes on so-called “Cadillac” insurance plans and medical device makers, along with Medicare taxes and the fees imposed on pharmaceutical companies.

The jobs bill signed by President Obama on Thursday includes various revenue-raising provisions that would put foreign financial institutions with U.S. taxpayers under a new reporting and tax regime.