Tax

A new government report urges the Internal Revenue Service to do a better job of educating and notifying taxpayers about provisions of the tax code requiring them to begin taking minimum distributions from their Individual Retirement Arrangements when they reach a certain age, but the IRS responded that it lacks enough money in its budget to do so.

More than 300,000 taxpayers overpaid the Individual Shared Responsibility Payment for health insurance on their tax returns processed through the end of April, according to a new report from the National Taxpayer Advocate.

The U.S., Japan and Europe are being accused of blocking developing countries from participating in efforts to combat international tax evasion.

The United Nations Development Program and the Organization for Economic Cooperation and Development have launched a new global initiative to help developing countries bolster their domestic revenues by strengthening their tax audit capacities.

KPMG has launched a new quarterly publication to provide chief tax officers, corporate leaders and board members with a view of how their peers are coping with major tax topics and the related challenges and opportunities.

Hillary Clinton on Monday outlined a plan for economic growth focused on the middle class and signaled she'll be offering an extensive set of proposals to rein in Wall Street in one of the first major policy speeches of her presidential campaign.

Two Swiss banks agreed to pay combined penalties of about $8.3 million to avoid prosecution under a U.S. program that requires Swiss firms to say how they helped American clients avoid taxes.

A federal appeals court upheld a sentence that didn’t include prison time for H. Ty Warner, the billionaire creator of Beanie Babies plush toys, who evaded $5.6 million in taxes after hiding money in a Swiss bank account.

Some of our favorite recent tax fraud cases.

More than 80 percent of large corporations have been offered incentives by a state or local economic official for a new development or corporate relocation, according to a new study by Bloomberg BNA.