Tax

Washington, D.C.-In the wake of several high-profile Ponzi schemes - most notably, the $65 billion fraud perpetrated by the now-jailed Bernard Madoff - the Internal Revenue Service has issued new guidance for victims of these types of schemes and their tax preparers.

The Tax & Accounting business of Thomson Reuters has acquired World Trade Executive Inc., a provider of international tax, accounting, finance and energy content.

Internal Revenue Service agents busted a tax prep office less than two days before the filing deadline.

This year, we not only have to contend with Tax Day on April 15, but also with Tax Freedom Day and Tax Tea Parties this week.

Amended returns are available for taxpayers who forget toclaim extra tax benefits and can bring in extra money later, CCH noted.

The Internal Revenue Service said that it would make some credit and debit card convenience fees tax-deductible, but only under certain circumstances.

The economic crisis is forcing many states and cities to increase their sales tax rates to the highest average level ever, according to a new report.

This year, the Internal Revenue Service is offering a new way to file an extension request for free.

Sen. Charles Grassley, R-Iowa, has commended the Internal Revenue Service for hiring more than 1,000 veterans last year.

The Internal Revenue Service has made slow progress in implementing federally required security settings on nearly 100,000 desktop and laptop computers, said a newly released report.