Practice Management

The Treasury and Energy Departments, along with the IRS, said billions of dollars in government investment grants for smart grid technology would be non-taxable, paving the way for the technology to move forward.

An $18.7 million system that the Internal Revenue Service has developed to keep better track of the caseload in its Tax Exempt/Government Entities Division has failed to live up to its promises, according to a new report.

Approximately 51.6 million tax filers paid no federal income taxes in 2008, including some families making more than $50,000.

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The Senate has passed a bill to extend unemployment benefits through the end of the year as well as a number of tax cuts that expired at the end of last year.

Amazon.com has cut off its affiliates in Colorado in response to a new law that requires Web retailers to send a statement to their customers every year of how much tax they should be paying on their purchases.

House Ways and Means Committee Chairman Sander Levin, D-Mich., and ranking member Dave Camp, R-Mich., have introduced legislation to allow taxpayers to claim charitable deductions in 2009 for Chilean earthquake relief.

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.

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