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The Internal Revenue Service is making progress in the management of its employees but faces continued challenges, according to a new report.
February 6 -
The U.S. Postal Service said Wednesday that it will end Saturday delivery of letters starting in August, but will continue to deliver packages, in an effort to cut costs.
February 6 -
State budgets across the country collectively lost an estimated $40 billion in tax revenue due to corporations and individuals shifting their profits and income to offshore tax havens, according to a new report.
February 6 -
President Obama urged Congress to agree on a combination of tax reform and spending cuts to achieve deficit reduction during a speech Tuesday in which he proposed an alternative to the drastic automatic spending cuts that were part of the budget sequester deal.
February 5 -
U.S. financial institutions may see their reporting burdens rise as a result of a law designed to prevent taxpayers from hiding funds offshore.
February 5 -
The Internal Revenue Service is telling taxpayers to check the qualifications of tax preparers and their history in the aftermath of a stinging defeat in the court.
February 5 -
What has almost 4 million words and is one of the most complex and least transparent documents of the century? Our Tax Code.
February 4 -
Sunday marked the 100th birthday of the U.S. federal income tax with the passage of the 16th Amendment to the Constitution on Feb. 3, 1913.
February 4 -
The Internal Revenue Service is reminding tax preparers to include complete Earned Income Tax Credit checklists with any tax returns they file claiming the tax credit.
February 4 -
The IRS has re-opened its PTIN management and registration site.
February 4 -
In addition to all the usual difficulties of tax season, some preparers are saying that glitches have appeared in their tax prep software as the filing season kicks off.
February 3 -
A federal judge has denied the Internal Revenue Services request to suspend his January 18 ruling that struck down the IRSs tax-preparer scheme as unlawful, but made some important clarifications in a ruling he issued last month.
February 2 -
The Institute on Taxation & Economic Policy has released the fourth edition of its report, Who Pays? A Distributional Analysis of the Tax Systems in All 50 States, which claims that in almost all state tax systems, middle- and low-income families pay a greater share of their income in tax than wealthy families.
February 1 -
The IRS is offering additional tax relief to individuals and businesses affected by Hurricane Sandy.
February 1 -
The Internal Revenue Service plans to begin accepting corporate, partnership and tax-exempt returns starting at 9:00 am Eastern Time on Monday, but with some important exceptions.
February 1 -
The U.S. Bureau of Labor Statistics reported Friday that nonfarm payroll employment increased by 157,000 in January, but the unemployment rate ticked up a tenth of a percentage point to 7.9 percent.
February 1 -
The start of 2013 unfortunately brings with it the need to integrate into your clients' tax planning some new threshold amounts that have been added to the Tax Code.
February 1 -
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Your clients may want to appeal their assessments
February 1 -
Some taxpayers seeking a quick refund may have to wait longer than usual this year as the Internal Revenue Service tries to stop criminals who steal others identities and file fraudulent returns.
February 1