Tax

A Tennessee man has quit his job after receiving a W-2 tax form from his employer stamped with the number 666.

The Internal Revenue Service has stepped up its efforts this tax season to combat identity thieves who steal taxpayers’ tax refunds, participating in a nationwide sweep that nabbed 389 identity theft suspects last month alone.

The Internal Revenue Service has extended the deadline for including mandatory language in consent forms that tax preparers are expected to send to clients before disclosing or using their tax return information.

For taxpayers who scrambled to make last-minute gifts at the end of 2012 to take advantage of the gift tax exemption and lower tax rate, it was a good thing to do despite the fact that within 23 hours of year’s end, legislation passed averting the return to the old-law $1 million exemption and 55 percent maximum tax rate.

State budgets across the country collectively lost an estimated $40 billion in tax revenue due to corporations and individuals shifting their profits and income to offshore tax havens, according to a new report.

President Obama urged Congress to agree on a combination of tax reform and spending cuts to achieve deficit reduction during a speech Tuesday in which he proposed an alternative to the drastic automatic spending cuts that were part of the budget sequester deal.

U.S. financial institutions may see their reporting burdens rise as a result of a law designed to prevent taxpayers from hiding funds offshore.

Greatland Corporation has acquired Express Internet Companies.com with its two brands ExpressTaxForms.com and ExpressChecks.com.

The Internal Revenue Service is telling taxpayers to check the qualifications of tax preparers and their history in the aftermath of a stinging defeat in the court.

What has almost 4 million words and is one of the most complex and least transparent documents of the century? Our Tax Code.