Tax

The Internal Revenue Service said Friday it has collected more than $8 billion from its Offshore Voluntary Disclosure Programs as more than 54,000 taxpayers have come forward to tell the IRS about previously hidden foreign assets.

The year 2017 is expected to be the time when Congress will finally enact tax reform, according to a new poll.

Thomson Reuters has released two tax research products to help multinational companies deal with the proposed changes in global tax regulation envisioned in the Organization of Economic Cooperation and Development’s Base Erosion and Profit Shifting Action Plan.

Thirteen self-study CE seminars filmed at the 2015 IRS Nationwide Tax Forums are now available online with interactive videos, PowerPoint slides and transcripts.

The Treasury Inspector General for Tax Administration issued a warning Thursday as millions of taxpayers raced to meet the October 15 deadline for tax extensions that although it is making some progress in its investigation of a phone fraud scam perpetrated by individuals misrepresenting themselves as Internal Revenue Service employees, taxpayers should continue to beware of these fraudulent phone calls.

The married owners of a Louisiana tax preparation business are facing dozens of felony charges for a fraud scheme that cost taxpayers hundreds of thousands of dollars.

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

Starbucks Corp. and a Fiat Chrysler Automobiles NV unit are set to be first in the firing line as European Union regulators issue a series of rulings over tax breaks for global companies, including Apple Inc.

Blucora’s $580 million acquisition of HD Vest Financial Services promises to open up new opportunities for tax professionals who work with the brokerage.

With states and localities increasingly looking to collect taxes from people and businesses that buy goods and services online, many taxpayers may not be aware that they could be overpaying sales and use taxes.