Practice Management

JPMorgan Chase has begun sending out notices to approximately 13,000 independent tax preparers that it is exiting the refund anticipation loan business.

The initial meeting of the White House deficit commission kicked off as a bipartisan panel considered ways to curb the growing federal budget deficit and the national debt.

The IRS’s Criminal Investigation Division needs to improve the way it manages the criminal tax investigations it refers to the Justice Department for prosecution, according to a new government report.

The Internal Revenue Service has provided guidance on how tax-free health insurance coverage should now be provided for employees’ children who are under 27 years of age under the recently passed health care reform law.

A former UBS client who claimed he hid his money in a Swiss bank account because of his parents’ experiences fleeing the Nazis was sentenced to 10 months in prison.

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.