Tax

Preparer penalties; busted Congress; new NTA on passport certification; and other highlights from our favorite tax bloggers.

The Internal Revenue Service needs to have a better strategy for determining the tax compliance or noncompliance of corporations that do mergers and acquisitions, according to a new report.

Tax laws tend to be boring, so sometimes it is easier to understand something if you know the reasoning behind it.

German authorities continued their investigations into multiple global lenders.

Billionaires such as Jeff Bezos, Bill Gates and Warren Buffett could have collectively lost hundreds of billions of dollars in net worth over decades.

As online sales transactions increase in volume year after year, companies that provide tax automation are seeing a major increase in the need for their services.

The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

The company is bringing together its tax-focused wealth management divisions.

The administration claims the Committee on Ways and Means — controlled by Democrats — is improperly attempting to enlist the judiciary in its fight with the Executive Branch.

Almost 40 percent — or some $15 trillion — of the world’s foreign direct investment is “phantom capital” designed to minimize the tax bills of multinational firms, according to a study published by the International Monetary Fund.