Tax practice

Swiss bank UBS has worked out a deal with the Justice Department and the Securities and Exchange Commission to reveal the identities and account numbers of U.S. citizens who have been stashing their money in previously secret bank accounts.

When Timothy Geithner unveiled the Treasury Department’s latest financial rescue plan, he probably didn’t expect it to flop so quickly.

President Barack Obama plans to sign the stimulus bill into law in Denver on Tuesday after Congress passed the massive $787 billion bill.

How much, if any, of your Social Security benefits are taxable depends on your total income and marital status.

A former attorney at BDO Seidman has pleaded guilty to tax evasion and tax fraud charges in connection with a tax shelter scheme.

President Barack Obama signed the massive $787 billion stimulus bill into law in an effort to boost the economy out of a deep recession.

House and Senate leaders made last-minute adjustments to the economic stimulus package as the final bill headed for a vote.

The amount of taxes owed to the U.S. government from cross-border transactions by U.S. and foreign citizens and businesses is murky, according to a new report, but could be as high as $123 billion.

The Internal Revenue Service did not work effectively on over a quarter of the cases involving delinquent taxes of between $100,000 and $1 million, and in some cases simply dropped them, according to a new report.

When filing a 2008 federal tax return, taxpayers will need to know the amount of their economic stimulus payment to properly determine if they are eligible for a recovery rebate credit.

Did you get your W-2? These documents are essential to filling out most individual tax returns. You should receive a Form W-2, Wage and Tax Statement, from each of your employers each year.

If the patch for the alternative minimum tax is going to be one of the hurdles holding up reconciliation of the House and Senate versions of the stimulus bill, let’s get rid of it.

The House Financial Services Committee grilled a group of bankers who received money from the financial bailout over how they had been using the money.

Senate Majority Leader Harry Reid, D-Nev., said that negotiators from the House and Senate have reached an agreement on the stimulus package.

Treasury Secretary Timothy Geithner spelled out plans for how the government will spend trillions of dollars to deal with unfreezing credit and taking troubled assets off the books of financial institutions.

The Senate has approved the economic stimulus bill after three Republican senators agreed to vote for the massive package aimed at reviving the economy.

The problem of companies evading taxes by misclassifying employees as independent contractors appears to be growing.

The Senate plans a crucial procedural vote Monday after a group of moderate senators forged a compromise over the weekend to trim approximately $110 billion from the economic stimulus bill.

The Internal Revenue Service listed several tax credits and benefits available to taxpayers with disabilities as well as the parents of disabled children.

Corporate tax executives cited management of the effective tax rate and taxation of international operations as their top two business tax concerns in 2009, according to a new survey.