Practice Management

An Arkansas tax attorney and an Oklahoma businessman he represented have each been sentenced to 15 years in prison for their involvement in a tax fraud scheme.

The Internal Revenue Service is helping spread the word that the COBRA subsidy eligibility period has been extended to May 31.

An estimated 1.2 million tax returns filed in 2007 reported wages earned by taxpayers who used another taxpayer’s Social Security number, according to a new government report.

The Internal Revenue Service is reportedly investigating Florida senatorial candidate Marco Rubio’s use of a Republican Party credit card.

An IRS employee has been ordered to pay back taxes and penalties after she sold over $36,000 worth of merchandise on eBay without reporting it on her tax returns.

A change in the structure of the taxation of carried interest, passed by the House last December and included in the Obama administration budget for 2011, is becoming more likely as the Senate searches for revenue offsets.

President Barack Obama visited the Great Hall at Cooper Union in New York to call on Wall Street executives to stop fighting efforts in the Senate to pass financial regulatory reform.

IMGCAP(1)]CPA firms, like many other businesses throughout the country, are feeling the sting of the recession.

The Senate Agriculture Committee has approved bipartisan legislation that would require derivatives to be traded on regulated exchanges and cleared through central clearinghouses, advancing the financial regulatory reform effort.

The Senate Finance Committee held the first of a series of hearings on the Obama administration’s proposal to tax financial institutions in order to recoup losses from the Troubled Asset Relief Program.