Tax

A new report from Ernst & Young demonstrates how many multinational corporations are being pushed in the direction of greater transparency about their tax strategies as their reputations come under attack in the U.S. and abroad for shifting their profits to tax havens.

A unit of Societe Generale SA based in Switzerland and three other banks agreed to pay a total of $2.2 million in penalties for helping American clients avoid taxes.

Minimizing self-employment taxes to owners of pass-through entities

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

Chuck McCabe, president of Peoples Income Tax and The Income Tax School, has some suggestions for independent preparers to stay on the “cutting edge” during the summer.

On the heels of a disclosure this week that identity thieves were able to access 104,000 tax returns through the Internal Revenue Service’s Get Transcript application, a new report finds that the IRS is improving its identification of fraudulent tax returns involving identity theft.

An after-action report on the 2015 filing season.

Thomson Reuters has released the fourth edition of its treatise, "Tax Planning for Highly Compensated Individuals," by Robert E. Madden on the Thomson Reuters Checkpoint service.

Thomson Reuters has added content on like-kind exchanges to its Checkpoint Catalyst tax research system to help tax practitioners secure tax deferrals for their clients.

Senate Finance Committee Chairman Orrin Hatch, R-Utah, has written to IRS Commissioner John Koskinen for answers about the massive data breach that the IRS disclosed this week.