Tax

A basic federal filing with a state return and no itemized deductions is up $17 over the past two years.

$24,000 in EITC due diligence fines and other highlights from our favorite recent tax fraud cases.

Changing national demographics may be producing a new kind of dependent: parents and adult children of middle-aged taxpayers, according to the National Association of Enrolled Agents.

The Internal Revenue Service, along with state tax authorities and the tax preparation industry, are cautioning businesses to beware of an email phishing scam using a corporate officer’s name asking for employee W-2 forms from payroll and human resources departments at companies.

A Montana federal court has authorized the Internal Revenue Service to serve a summons on a Montana man on the use of offshore accounts in Panama tied to debit cards.

House Ways and Committee chairman Kevin Brady—fresh from a public-relations blitz aimed at selling a controversial plan for taxing U.S. businesses’ domestic sales and imports—now has to persuade his fellow Republicans in Congress.

Even though their income level may not require them to file, taxpayers with disabilities may still qualify for the credit, the tax service says.

For many years, corporate accounting professionals have been taking advantage of cost segregation studies to provide significant tax benefits for their businesses by accelerating the depreciation on qualified fixed assets.

American Institute of CPAs chief gives his views on the prospects for change in Washington during the Trump administration and in the accounting profession.

President Donald Trump signed an executive order dated January 20, the date of his inauguration, paving the way for the eventual repeal of the Affordable Care Act.