Tax

KPMG was on the losing side of a $17.6 million verdict in a case involving an investor who claimed the firm gave him bad tax advice.

Senate leaders in both parties have agreed on patching the alternative minimum tax for another year, passing a set of clean energy tax incentives and extending several expiring tax cuts for businesses and families.

Tax preparers in Oregon may set a standard for future regulation of tax preparers nationwide, according to a new report from the Government Accountability Office.

As one investment bank after another falls prey to the expanding crisis in the credit and mortgage markets, accounting regulators are trying to get a handle on the mess.

The Internal Revenue Service has extended tax deadlines for taxpayers affected by Hurricane Ike, which spread devastation over the weekend in Galveston and other parts of Texas, Louisiana and other states.

The Internal Revenue Service does not have authority over the qualified intermediaries who assist taxpayers with completing like-kind exchanges, exposing taxpayers to financial risks, according to a new report.

Women gave nearly $5 billion more to their heirs than men did in 2005, according to an analysis of Internal Revenue Service data by Grant Thornton.

The U.S. tax system is viewed as less fair and simple by tax professionals than the tax system in Hong Kong, Singapore and Canada, according to a new survey.

Democratic vice presidential nominee Sen. Joseph Biden, D-Del., revealed a decade's worth of his tax returns Friday, putting pressure on his Republican rival, Alaska governor Sarah Palin, to release her own returns.

Unenrolled tax preparers made mistakes on the majority of returns they prepared for undercover Treasury Department auditors, according to a new report.