Tax

Many client relationships start with a consultation of some sort, but that may leave some tax professionals wondering whether they can charge for it.

Agents working with the Treasury Inspector General for Tax Administration have arrested five individuals who impersonated Internal Revenue Service employees and demanded payment from taxpayers.

Summer isn’t too far away, and many parents are wondering if they can afford to send their kids away to summer camp this year. The ability to take a tax deduction for such expenses could make all the difference.

Matching for-profit Sec. 183 rules with re-energized Boomers

French police and prosecutors swooped on Google’s Paris offices on Tuesday, intensifying a tax-fraud probe amid accusations across Europe that the Internet giant fails to pay its fair share.

Morris Zukerman spent 16 years at Morgan Stanley, at various points overseeing its energy and merchant banking practices, before starting his own investment firm in the late 1980s. His firm’s partners have included ConocoPhillips, ExxonMobil and Kinder Morgan. He endowed a Harvard sociology professorship. He collected dozens of expensive paintings, including works he loaned to the Metropolitan Museum of Art. Along the way, he evaded more than $45 million in taxes, the U.S. now alleges.

Realize when your firm needs help in international waters, because when it comes to fraud, the times — they are a-changin’

A bipartisan group of senators from the Senate Finance Committee are asking the Treasury Department to intervene with European Commission officials who have been investigating special deals set up by U.S.-based multinationals with countries in the European Union allowing them to lower their taxes.

The Internal Revenue Service is reminding tax professionals to register for its 2016 IRS Nationwide Tax Forums, where they can earn up to 19 continuing professional education credits.

The IRS has been so slow to adapt to the rapidly emerging peer-to-peer economy that billions of dollars in taxable income a year are probably going unreported every year, according to a study being delivered to Congress this week.