Tax practice

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.

The Internal Revenue Service paid between $10 billion and $12 billion in tax year 2006 to taxpayers who erroneously claimed the earned income tax credit despite IRS efforts to step up compliance.

The Senate has unanimously approved a $15,000 tax credit for individuals who purchase a home in the next year.

It’s no surprise the TARP has turned out to be such a murky endeavor, since even the name of the controversial bailout program has been in doubt from the beginning.

The Internal Revenue Service has reported a nearly 10 percent drop in electronic tax filing from tax professionals so far this season, despite a push by the agency to encourage more e-filing.

The Internal Revenue Service is asking taxpayers and tax preparers to make sure they properly determine eligibility for the recovery rebate credit before they file their 2008 federal tax returns.

The Internal Revenue Service warned that many investors and other taxpayers may receive their year-end tax statements later than in past years, but the forms are likely to be more accurate.

A woman who posed as a tax accountant and CPA has pleaded guilty to six counts of tax fraud after she prepared returns for police and firefighters.

Two senators want to stop multinational companies from lobbying to include a tax break for offshore earnings in the economic stimulus package.

There has been talk, and some hope, that the current financial crisis might be the perfect storm for tax reform, allowing the Obama administration to push through significant policy changes.

The Internal Revenue Service’s program for allowing “Son of Boss” tax shelter investors to settle their tax disputes often did not lead to greater taxpayer compliance, according to a new report.