Tax

The European Union ordered Belgium to recover about 700 million euros ($762 million) in illegal tax breaks given to at least 35 companies, including Anheuser-Busch InBev NVand BP Plc, as regulators continued a crackdown on overly generous tax schemes throughout the 28-nation bloc.

Few words strike as much fear into people’s hearts as “IRS audit.” How can you nursemaid clients through the terror of an audit notice?

Some of our favorite recent cases of tax fraud.

Tax pros share their pre-season to-do lists

Last year's income tax season was marked by an explosion of refund theft. Will this year be any different?

The Minnesota Society of Certified Public Accountants recently surveyed its CPA members in public accounting on the most outrageous tax deductions clients tried to take on their tax returns. The resulting list shows that, more often than not, clients just don’t know which deductions are allowed.

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

TaxAct has released the 2015 Preparer’s Editions of its tax preparation software.

Intuit announced security enhancements across its suite of professional tax products, including Intuit Tax Online, ProSeries and Lacerte, as part of the company’s continued work with the IRS, states and industry to combat tax fraud.

Former billionaire entrepreneur Samuel Wyly’s “difference of opinion” with the Internal Revenue Service could turn an offshore fortune into an onshore fraud if the agency gets its way.