Tax

Liberty Tax Inc., parent company of Liberty Tax Service, reported a net loss for the fiscal second quarter ended October 31 of $9.1 million.

Highlights of some of our favorite tax-related blogs from the past week.

The Internal Revenue Service has selected TaxSlayer as the new tax software provider for the IRS’s Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, starting with the 2017 tax filing season.

In July my column for this space asked whether it was too early to start thinking about tax extenders. Now, the question might better be phrased whether it is too late.

Michael Sonnenblick of Thomson Reuters discusses some of the main issues for next tax season, such as the Premium Tax Credit and the deduction for state and local taxes.

ADP is participating in an Internal Revenue Service pilot program to test verification codes on W-2 forms in an effort to reduce tax refund fraud.

Democratic presidential candidate Hillary Clinton on Wednesday urged Congress to take action against companies that avoid taxes by shifting their debt to American soil while moving profit overseas, a technique known as earnings stripping, and said that if they don’t, the Treasury Department should crack down with new rules.

Royal Bank of Scotland Group Plc agreed to pay 23.8 million euros ($26 million) to settle allegations from German prosecutors that its Swiss Coutts & Co. Ltd. private bank helped some clients evade tax.

As 2015 comes to a close, businesses are once again facing uncertainty as Congress has yet to act on a host of important provisions that expired at the end of 2014.

The Internal Revenue Service has extended its hold on certain tax refunds for returns filed by nonresident aliens and other foreign taxpayers on Form 1040NR beyond the usual 180-day limit in order to give extra scrutiny to the refund claims, leaving many undocumented immigrant workers waiting up to 360 days to get the tax refunds they filed this year.