Tax

There are a number of reasons taxpayers hire professionals to file their taxes – and one of the best is to prevent them from trying to claim truly ridiculous things in their filings.

When White House press secretary Sean Spicer floated the idea of paying for a border wall with a 20 percent tax on Mexican imports, beer went flat.

The Organization for Economic Cooperation and Development’s revised guidance on transfer pricing to prevent base erosion and profit shifting will have minor administration costs for the Internal Revenue Service, although the impact on companies is uncertain.

Eligibility expands for claiming the refundable tax credit, though taxpayers who claim it will face some delays before receiving their refunds.

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.