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The deficit reduction plan that President Obama plans to introduce on Wednesday is expected to include a combination of spending cuts and tax hikes.

IMGCAP(1)]In 2009, U.S. prosecutors achieved a staggering victory against UBS, forcing the largest Swiss bank to settle criminal and civil charges that it aided and abetted tax fraud by assisting Americans to hide funds from U.S. taxation.

Web-based sales and use tax compliance product developer Avalara announced an integration of its sales tax calculation and reporting product AvaTax Calc for Retail with Microsoft Dynamics AX.

A Bronx tax preparer has been convicted of using the Social Security numbers of children to file false tax returns.

More than 224,000 people who received passports in 2008 owed a total of over $5.8 billion in federal income taxes, but Congress would need to change the laws to enable the State Department to coordinate with the IRS on denying them passports, according to a new government report.

Today’s audit committees expect more from their chief audit executives than ever before, and financial and business acumen are no longer sufficient, according to a new report.

Microsoft chief executive Steve Ballmer wasted little time during his keynote speech before expounding on how the company is committed to delivering all of its Dynamics ERP products in the cloud, yet did not share many details on exactly how or what products would get there in any specific time frame.

One-third of small-business owners spends two full work weeks every year dealing with federal taxes, and 87 percent need to pay an outside accountant or other tax return preparer to do their taxes, according to a new survey.

How many firms regularly share information with staff in an attempt to educate? And I’m not just talking about professional staff—but all staff.

Rocker Ozzy Osbourne and his TV host wife Sharon are on the hook for roughly $1.7 million in back taxes and the IRS has placed a lien on their Los Angeles home.