Tax practice

Teachers and other school employees returning from summer vacations are dealing with the prospect of an IRS rule change on deferred compensation that could see their taxes increase by 20 percent if they aren't careful.

The Republican Party approved its 2008 platform containing several planks related to tax cuts and tax policy.

In response to a letter from several members of Congress, the Internal Revenue Service will stop trying to enforce collection of alternative minimum taxes due on incentive stock options for the rest of the month.

The Internal Revenue Service should make some changes in its software code to reduce delays in reissuing some undelivered refund checks, recommends a new report.

The Research Credit Group has introduced CrediTrak, a Web-based program that helps companies evaluate and track their research and development tax credits.

A Tax Court judge has decided that a retired Internal Revenue Service auditor's greyhound-breeding business does not qualify for business deductions and criticized the dogs' treatment.

A man threatening to kill himself over his finances instead rammed his car into an Internal Revenue Service building.

A chiropractor was sentenced to 21 months in prison for following the tax defiance advice promoted by actor Wesley Snipes' recent co-defendant.

The Democratic Party approved its platform at its national convention in Denver, including a number of planks related to taxes.

A former Internal Revenue Service agent was sentenced to 30 months in prison for helping a heroin dealer to buy a $65,000 BMW 745i while concealing his ownership of the vehicle.

A self-proclaimed priest has been convicted of tax fraud after his accountant and girlfriend pleaded guilty.

Average U.S. taxpayers subsidize executive compensation by more than $20 billion per year, thanks to various tax and accounting loopholes, according to a new report.

Web electronics site Newegg has sent an e-mail to customers saying that it will not comply with a controversial New York State law requiring Internet retailers to collect sales tax for purchases by state residents.

A federal court has permanently barred a Tacoma, Wash., woman from selling a tax scam, according to the Justice Department.

The Internal Revenue Service is planning to increase its enforcement efforts by sending out warning letters to a larger group of taxpayers who may be underreporting their income.

The Internal Revenue Service has released its revised instructions for the redesigned Form 990 that tax-exempt organizations must submit.

The Internal Revenue Service released its summer 2008 Statistics of Income Bulletin, featuring tax year 2005 data on the growth of profits and tax liability at foreign-controlled domestic corporations.

A recent study on corporate tax payments has been making waves on the Internet and in Washington in the past week.

IRS REDUCES BIZ TAX EXTENSIONSWashington, D.C. — The Internal Revenue Service has moved up the extended due date for partnership, estate and trust tax returns from Oct. 15 to Sept. 15 to avoid overlapping with the extended deadline for individual taxes.

John Gutfreund, former CEO of investment bank Salomon Brothers, is facing a lien of over $430,000 from the Internal Revenue Service on his 16-room Fifth Avenue apartment.