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The Internal Revenue Service has added three new forms for correcting errors on employment tax returns.
March 19 -
PayCyle said that it has implemented the payroll tax reduction included in the recently passed economic stimulus bill.
March 18 -
The Internal Revenue Service and a group of community partners plan to open their doors on Sat., March 21, to help people who need free tax preparation services, a question answered or a payment schedule arranged.
March 18 -
A federal court in Texas has ruled in favor of the Internal Revenue Service as it seeks $226.6 million worth of back taxes from Sir Allen Stanford, the banker who has been accused of defrauding investors of $8 billion.
March 18 -
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In response to public outrage over the $165 million in bonuses awarded to AIG executives, the House voted 328 to 93 to levy a 90 percent tax on the money.
March 18 -
The question of how to pay for universal health care could lead to a troubling answer: taxing health benefits. Congress and the Obama administration will be weighing a variety of approaches in the coming months, with the goal of offering legislation before the August recess. Some legislative leaders, such as former Presidential candidate Sen. John McCain, R-Ariz., and Senate Finance Committee Chairman Max Baucus, D-Mont., have advocated taxing health care benefits as one way to pay for an expensive health care overhaul. Up to now, these benefits have been tax-free.
March 17 -
The Internal Revenue Service plans to discontinue live programming of its Tax Talk Today webcasts on May 12, leaving accountants worried about their continuing professional education credits.
March 17 -
A chartered accountant from the U.K. who served as a former board member and vice chairman at global audit firm BDO Seidman has pleaded guilty to conspiracy with tax shelter promoters while claiming roughly $1 billion in fraudulent losses.
March 17 -
The Public Company Accounting Oversight Board has raised the aggregate 2009 fee it assesses to public companies and other issuers to $157.4 million from $151.8 million.
March 17
