Tax research

A federal court has ordered a Louisiana CPA to stop claiming improper tax deductions for the business expenses of his mariner clients.

The Internal Revenue Service has issued interim guidance on the ability of a tax return preparer to use statistical compilations of anonymous tax return information to support their business.

The Internal Revenue Service implemented a new electronic filing system knowing it contained security vulnerabilities that could put taxpayer information at risk.

A man who operated several tax preparation businesses has been sentenced to 11 years in federal prison after he was convicted of defrauding clients and the Internal Revenue Service.

S corporations are the nation's most common corporate tax designations.

The Internal Revenue Service plans to open its electronic filing season on Friday, Jan. 16, and debut a new service that allows taxpayers to simply fill out forms on-screen and file their taxes for free.

Raoul Weil, the former head of Swiss bank UBS's cross-border private banking operations, was declared a fugitive by a Fort Lauderdale judge as U.S. prosecutors upped the ante in their battle against Swiss bank accounts used to shelter assets from taxation.

The Internal Revenue Service has issued final regulations related to postponement of certain tax-related deadlines due to either service in a combat zone or a federally declared disaster.

The House Appropriations Committee has proposed an economic stimulus bill containing $275 billion in tax cuts and $550 billion worth of spending on renewable energy, infrastructure, education and other projects.

President-elect Barack Obama reportedly plans to modify several of the tax break proposals that his transition team has been planning for the economic stimulus package after encountering resistance from key lawmakers.

Financial Executives International's Committee on Taxation has written to congressional leaders encouraging them to include more tax relief provisions for businesses in the economic stimulus package.

The Internal Revenue Service has offered taxpayers tips on choosing tax preparers as part of the agency's efforts to combat tax preparer fraud.

The IRS could start taxing virtual environments like Second Life and World of Warcraft to get a cut of the real dollars that are spent on potions, armor and weapons in the online gaming world.

Treasury Secretary-designate Timothy Geithner admitted owing more than $34,000 in self-employment taxes between 2001 and 2004.

A new report by the Government Accountability Office on last tax-filing season suggests the Internal Revenue Service beef up its enforcement efforts while it processes returns.

A survey of over 1,000 U.S. adults found that most of them could not answer basic tax questions.

CCH has introduced an online service that promises to offer tax professionals a way to get faster access to client documents from the Internal Revenue Service.

An internal revenue agent has sued the IRS for firing her after she insisted on wearing a ceremonial knife on the job.

The latest economic stimulus plan advanced by the incoming administration may approach $1 trillion, with $300 billion in tax cuts or refunds.

The Private Company Financial Reporting Committee met with the Financial Accounting Standards Board to discuss some of the problems that led to deferring controversial rules for accounting for uncertainty in income taxes.