Practice Management

The Internal Revenue Service plans to begin accepting tax returns with itemized deductions and other delayed forms after 11:00 am next Monday.

The Internal Revenue Service has made little improvement in reducing improper Earned Income Tax Credit payments since 2002, when it was first required to report estimates of these payments to Congress, according to a new government report.

Payroll and benefits outsourcing provider Paychex said it has completed its previously announced acquisition of online payroll concern SurePayroll.

The Obama administration is expected to propose a way for states to raise more money in payroll taxes to pay for the cost of unemployment insurance.

A group of 10 Senate Democrats has written to Speaker of the House John Boehner and other House leaders asking them to reduce the budget deficit by eliminating unneeded subsidies and tax breaks for oil companies.

The Internal Revenue Service has begun a new voluntary disclosure program aimed at convincing more taxpayers to tell the U.S. government about any funds they have been hiding in foreign bank accounts.

The five states with the highest combined state and local tax rates are Tennessee at 9.44 percent, California at 9.08 percent, Arizona at 9.01 percent, Louisiana at 8.69 percent and Washington at 8.64 percent, according to a new report.

There are many important new tax breaks for U.S. individuals on the 2010 Form 1040, and several more have been eliminated, noted one tax expert.

U.S. taxation of international operations and financial statement disclosure issues were the top two concerns of leading corporate tax executives, according to a new survey.

President Obama urged business leaders to begin creating jobs and taking advantage of the tax breaks offered by his administration during a speech Monday at the U.S. Chamber of Commerce.