Tax practice

Liberty Tax Service will offer tax preparation services in more than 300 Walmart stores in tax season 2013.

President Barack Obama and Republican presidential nominee Mitt Romney traded barbs about tax policy and how they would control the budget deficit, with Romney telling Obama at one point that he might need to get a new accountant.

The IRS Electronic Management System located at the Enterprise Computing Center in Martinsburg, W.Va., will be unavailable from Saturday, October 6, at 9:00 p.m. Eastern, through Tuesday, October 9, at 5:00 a.m. Eastern. This will affect individual, business, and state returns processed at this EMS.

A former Internal Revenue Service official was arrested and charged with illegally exposing the identity of a whistleblower who reported tax compliance problems by an international bank to the IRS.

A new audit report by the Treasury Inspector General for Tax Administration indicates that the IRS is not efficiently or effectively processing information referrals, including identity theft claims.

The Internal Revenue Service’s Criminal Investigation Division needs to make sure its special agents are taking and passing required firearms training, according to the Treasury Inspector General for Tax Administration.

Jackson Hewitt Tax Service has agreed with Sears to provide tax prep services in most Sears locations nationwide starting in January.

The Securities and Exchange Commission charged the chief financial officer of a Minnetonka-based computer networking device manufacturer with illegally diverting company funds to cover his own personal expenses and other employees’ non-business entertainment expenses.

A report by the Treasury General for Tax Administration has found that IRS revenue officers did not always involve taxpayers’ representatives appropriately in taxpayer interactions during the collection process.

Income acceleration techniques for 2012 year-end planning

Highlights in tax from the previous month

Estate planning strategies for confusing times

In an election season where taxes spark debate among all political camps, much of the dialogue has been focused on corporate tax rates impacting U.S. businesses.

The U.S. Justice Department and the Internal Revenue Service are working to head off identity theft aimed at stealing people’s tax refunds when the filing season begins in January, the government’s top tax prosecutor said.

The Internal Revenue Service is changing the procedures for the tax withholding program used by foreign entertainers and athletes who want to work in the U.S.

The Internal Revenue Service is reminding taxpayers (and their tax preparers) that the tax-filing and payment deadline runs out on Oct. 15.

The Internal Revenue Service has updated the per diem rates for taxpayers to use in 2012-2013 when substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home.

For the eighth consecutive year, the Internal Revenue Service has chosen CCH to provide the agency with comprehensive sales tax rate and taxability tables that can be used by millions of taxpayers in preparing their returns.

The Internal Revenue Service is warning tax professionals that starting October 1, it will no longer accept paper-based applications to become electronic filing providers.

A new report from a Treasury watchdog revealed that federal agencies owe approximately $14 million in unpaid taxes.