Tax practice

A tax preparer in the Bronx, N.Y. has pleaded guilty to operating a $4.8 million Ponzi scheme and faces up to 11 years in prison.

An Internal Revenue Service employee was arrested last week after knocking a woman unconscious at a Pittsburgh Steelers game and then trying to bribe several police officers to cover up the incident.

A former Internal Revenue Service agent in Houston who was fired for carrying a ritual dagger as an article of her Sikh religious faith has won a settlement with the federal government allowing her to bring it into federal buildings.

Wolters Kluwer CCH has released a new tax briefing document analyzing the federal tax legislation outlook along with strategies that taxpayers and businesses should consider for reducing their income taxes.

The Internal Revenue Service has issued guidance clarifying the impact that a 2014 rollover of an individual retirement arrangement has on the one-per-year limit imposed by the Tax Code on tax-free rollovers between IRAs.

The Internal Revenue Service needs to increase the number of business tax returns and information returns that are filed electronically, recommends a new government report.

The IRS is reminding tax professionals and taxpayers that procedures kick in this January to limit to three the number of refunds electronically deposited into a single financial account or onto a pre-paid debit card.

Ernst & Young has published the latest annual edition of its tax guide, the EY Tax Guide 2015.

Do-overs are the daydream gumdrops of careers after you work for a while. This holds especially true in an evolving and increasingly complex arena like tax prep.

Some of our favorite recent tax fraud cases.

The U.S. Supreme Court today agreed to review a challenge to the tax subsidies allowed under the Affordable Care Act, a critical aspect of the law meant to help uninsured individuals better afford health care coverage.

The IRS is reminding preparers and their clients with low-to-moderate income that they can take steps now to save for retirement and earn a special tax credit in 2014 and beyond with the Saver’s Credit.

Intuit is now offering guidance for tax pros on the Affordable Care Act.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Two recent reports have found that the IRS could improve its decision-making in IT security, and that its inventory control over wireless devices.

Highlights of some of our favorite tax-related blogs from the past week.

Both parties in Congress agree the U.S. Tax Code is a mess and needs to be revamped. That doesn’t mean it will happen.

The crime of stealing tax refunds through identity theft is “no longer exploding,” U.S. Internal Revenue Service Commissioner John Koskinen said yesterday.

Taxpayers with undisclosed foreign assets face an even greater risk of detection than ever before.

The Internal Revenue Service has issued a notice warning that some employer-sponsored health plans will need to provide better coverage for in-patient hospitalization services to qualify as minimum coverage.