Tax season

One in six of the 145 million tax returns that the IRS expects to be filed for the 2010 tax year will include a Schedule C for self-employed filers, and many of them will no doubt be subjected to an IRS audit.

The Internal Revenue Service said Friday that taxpayers abroad can now use the Free File service to prepare and electronically file their taxes for free.

The Internal Revenue Service has released updated information on the First-Time Homebuyer Credit and the tax refund problems encountered by some married taxpayers.

Identity theft prevention provider Identity Finder provided a set of tips for protecting taxpayer information during tax season.

IMGCAP(1)]With the tax filing season underway, this is a good time to review the filing requirements for your clients with international interests.

With tax season winding down, millions of taxpayers may be looking at tax bills they can’t afford to pay but can’t afford to ignore either.

The Internal Revenue Service’s Taxpayer Assistance Centers are located too far away from the majority of taxpayers to be able to serve them effectively, according to a new government report.

The Internal Revenue Service has posted a final version of the form and instructions for the 2010 gift tax and generation-skipping transfer tax.

Online tax preparation site Taxbrain has introduced a service that lets taxpayers ask questions or have their taxes prepared by CPAs and enrolled agents through a video chat link.

The North Carolina Department of Revenue is pointing to inaccurate information from the IRS as the reason why it sent tax due notices to up to 2,000 state taxpayers.

H&R Block chairman Richard Breeden plans to step down on April 18.

Intuit reported Thursday that it has seen an increase in the number of tax returns electronically filed by professional preparers so far this tax season.

A senior citizens advocacy group is warning that millions of elderly taxpayers are finding themselves in the position of unexpectedly owing hundreds of dollars in back taxes as a result of the Making Work Pay tax credit, and in some cases paying penalties.

The Internal Revenue Service wants taxpayers to know that they can receive their tax refunds this year in the form of a U.S. savings bond made out in someone else’s name.

What you don’t know about taxes can cost you plenty—both in terms of paying too much, and making an error that triggers an audit.

An Ohio woman is one of nearly 10,000 who have received letters from the Ohio Department of Taxation claiming they would receive eye-popping tax refunds in the mail.

A study of filing data for the small business health insurance tax credit finds that the tax credit amounts are often miscalculated.

Owning your own home opens the door to many tax-saving opportunities, and there are a dozen tax breaks that homeowners should know about, according to CCH.

IMGCAP(1)]I know, I know, it’s called busy season for a reason. But if you think about it, busy season is really the best time for you and your firm to market your services.

The Internal Revenue Service has undercut the effectiveness of its electronic filing mandate because of the legal interpretation of the word “file,” according to a new government report.