Tax

It’s bound to happen. Your client gets a letter from the IRS—they’re being audited.

The Internal Revenue Service lacks effective processes to ensure the authenticity of copies of documents certified by a foreign issuing agency to support an application for an Individual Taxpayer Identification Number, according to a new government report.

Thomson Reuters has introduced the Corporate CPE Network to provide corporate professionals with information, recommendations and best practices to educate them on new tax law and accounting requirements.

The Internal Revenue Service is cautioning taxpayers and tax practitioners against the newest scams as losses top $20 million in money stolen from victims by fraudsters claiming to work for the IRS and other government agencies, including the Department of Motor Vehicles.

If the beneficiary of a deceased owner of an individual retirement account fails to comply with the post-death required minimum distribution rules and the other post-death IRA distribution rules, then the beneficiary can be subject to penalties from the Internal Revenue Service.

TaxBuzz, an online directory of tax professionals, has released a new service to help its users verify their providers' identity and trustworthiness.

Microsoft Corp.’s stockpile of offshore profits rose to $108 billion, with a 17 percent increase over the past year as the company continues reaping profits in low-tax foreign jurisdictions.

Business executives are giving mixed predictions on when and if tax reform will finally happen in Washington, in a new survey.

The Internal Revenue Service regularly provides tax tips via email to provide timely reminders to taxpayers and preparers about tax breaks and requirements year-round, and its advice can be particularly helpful this summer.

Some of our favorite recent cases of tax fraud.