Tax

The owner of several Liberty Tax Service franchises has been arrested after he was caught by police in the act of trying to drown his baby in a sink after brutally assaulting his wife.

New York City’s Department of Consumer Affairs found Thursday that one in four tax preparers do not comply with the city’s Consumer Protection Law.

The U.S. House of Representatives voted to loosen restrictions on tax incentives for education savings, expanding a program that President Barack Obama wanted to limit.

You've met them: The taxpayer who calls or drops in just to see if you offer the lowest price for tax prep – or worse, just to confirm that the price they’ve found elsewhere really is the lowest.

As we sit through another tax season, we have the opportunity to enjoy it or suffer through it. We can believe that we will fail, or we can choose to succeed and believe that “anything is possible.”

The Internal Revenue Service will not try to collect additional taxes from those taxpayers who have already filed their taxes after receiving incorrect information from the federal health insurance marketplace, Healthcare.gov.

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

The major challenges facing the IRS today are its budget situation, which affects both service and enforcement, IRS commissioner John Koskinen told the Tax Section of the New York Bar Association.

H&R Block reported that six weeks into tax season, a 52 percent majority of taxpayers who enrolled in health insurance coverage through a state or federal marketplace have needed to pay back a portion of the Advance Premium Tax Credit, and the average amount they paid back is $530, decreasing their tax refund on average by 17 percent.

Intuit Inc., maker of tax-preparation software TurboTax, denied claims that it prioritized the processing of fraudulent state and federal tax refunds at the expense of customers.