Tax

About 11 million homeowners owe more than their homes are worth, according to real estate data firm CoreLogic, and while taxes may not be the first thing they think about in deciding what to do, all the various options have tax consequences.

The Internal Revenue Service reported Monday that the number of completed Advance Pricing Agreements, in which the IRS and multinational corporate taxpayers work out voluntary agreements on transfer pricing, fell last year as the agency coped with reorganization and personnel shifts.

From now through April 13, Intuit’s Accounting Professional Division will host a series on its Lacerte and ProSeries Live Community Web pages in which Intuit experts address customers’ product and general tax questions.

Columnists Jones and Luscombe examine the tax treatment of frequent flier and rewards plans

The three winners of the record-breaking $656 million Mega Millions lottery jackpot will owe at least 25 percent of their winnings to the Internal Revenue Service.

President Obama said in his weekly address Saturday that Congress will be voting in the weeks ahead on the Buffett Rule, which would raise taxes on the wealthy.

The U.S. is set to have the highest combined federal and state statutory corporate tax rate in the industrialized world on Sunday, April 1, once Japan drops its top rate to 38.1 percent.

The Internal Revenue Service said it is giving an extension to enrolled agents whose renewal applications for their enrollments have been delayed due to a processing delay.

There’s good news and bad news to be found in the predictions of the tax business executives polled in the Tax Policy Forecast Survey.

The House has passed a Republican-sponsored budget alternative to President Obama’s fiscal 2013 budget, mostly based on the plan put forward by House Budget Committee Chairman Paul Ryan, R-Wisc., for creating only two tax brackets of just 10 and 25 percent.