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The Internal Revenue Service said it won't challenge the accuracy of income tax returns filed by eligible individuals who claim just $1.00 in adjusted gross income in order to receive an economic stimulus payment.
March 5 -
The Internal Revenue Service has automated user fee calculations for taxpayers who enter into installment agreements to make it easier to determine their eligibility for fee reductions for low-income taxpayers.
March 5 -
The Internal Revenue Service has decided to renew the contracts of two companies involved in its controversial private debt collection program.
March 5 -
The Internal Revenue Service said that electronic filing is already off to a strong start, with more than 38 million tax returns filed electronically so far.
March 4 -
After the Cook County Board voted over the weekend to double the county's sales tax rate to 1.75 percent, Chicagoans found themselves about to pay the highest sales tax rate of any major city in the nation: 10.25 percent.
March 4 -
The Internal Revenue Service said it is encouraging business taxpayers, associations and other interested parties to submit controversial tax issues to its Industry Issue Resolution Program.
March 4 -
The Internal Revenue Service is sending out letters this week to more than 130 million American households reminding them to file a 2007 tax return in order to receive a tax rebate or economic stimulus payment.
March 3 -
A new book explains how companies can avoid "deadly tax mistakes" that could cripple their business.
March 3 -
A House subcommittee plans to conduct a hearing into the tax treatment of derivatives next week.
February 29 -
When you think about filing your tax return, do you have more questions than answers? The entire process can be confusing and frustrating, but a little information can make the experience much more bearable. Here are some common tax-season questions, along with practical answers, from the New Jersey Society of Certified Public Accountants (NJSCPA):
February 29 -
At this time of year, people are organizing their records in preparation for filing their tax returns. This is often a challenging task, and that may be particularly true for those who are serving in the armed forces.
February 29 -
The Internal Revenue Service said it would add distressed-asset trust transactions to its list of tax avoidance transactions, signaling that such transactions need to be disclosed and may be subject to penalties.
February 28 -
The House has again passed an energy tax bill that would increase taxes on major oil and gas producers by $18 billion while providing incentives for renewable energy.
February 28 -
The Internal Revenue Service said it is beginning enforcement actions against more than 100 U.S. taxpayers who have been sheltering their funds from taxes by depositing them in secret bank accounts in the tax haven of Liechtenstein.
February 27 -
The Internal Revenue Service has introduced an electronic filing system that allows small tax-exempt organizations to file Form 990-N "e-Postcards" to report their annual income.
February 26 -
House Democrats plan to reintroduce a bill this week that would shift tax breaks from oil and gas to renewable energy sources.
February 26 -
Germany has committed to sharing tax evasion information as a widening tax scandal involving its citizens and the tax haven of Liechtenstein spreads to other parts of Europe.
February 26 -
A case currently before the U.S. Supreme Court could have huge implications for state tax law when it's decided in late spring.
February 25 -
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