The Latest

The Internal Revenue Service intends to take several additional steps this tax season to help people who are having trouble meeting their tax obligations because of unemployment or other financial problems.

A California tax preparer who controlled two bank accounts with the same initials as the Internal Revenue Service and the state’s Franchise Tax Board has pleaded guilty to fraud and tax evasion.

Companies should be prepared to address accounting issues, tax increases, executive compensation, access to capital and the economic recovery at annual shareholder meetings this year, advises accounting firm BDO.

The Internal Revenue Service has issued guidance designating last month’s earthquake in Chile as a qualified disaster for federal tax purposes.

For those of you who are studying for the dreaded CPA Exam, a new Web site has landed online that just may make your journey a bit easier.

IMGCAP(1)]Now that many companies have tackled Sarbanes-Oxley compliance, what’s next for the internal audit function?

The House and Senate have separately passed various versions of the jobs bill with tax breaks for businesses, but they keep going back and forth adding provisions not found in the other chamber’s version.

A federal appeals court has ruled that the electronic filing fees charged by Intuit, H&R Block Digital Tax Solutions, and other members of the Free File Alliance are not illegal and the IRS’s agreement with them did not violate antitrust laws.

The Congressional Budget Office has released an estimate of the budgetary effects of President Obama’s proposed budget for fiscal year 2011 and found that some of the tax cuts could add another $3 trillion to the national debt over the next 10 years.

Former rap music mogul Marion "Suge" Knight is facing a tax lien of over $6.5 million that the IRS has filed for the second time in seven years.