Tax

This year, we not only have to contend with Tax Day on April 15, but also with Tax Freedom Day and Tax Tea Parties this week.

Amended returns are available for taxpayers who forget toclaim extra tax benefits and can bring in extra money later, CCH noted.

The Internal Revenue Service said that it would make some credit and debit card convenience fees tax-deductible, but only under certain circumstances.

The economic crisis is forcing many states and cities to increase their sales tax rates to the highest average level ever, according to a new report.

This year, the Internal Revenue Service is offering a new way to file an extension request for free.

Sen. Charles Grassley, R-Iowa, has commended the Internal Revenue Service for hiring more than 1,000 veterans last year.

The Internal Revenue Service has made slow progress in implementing federally required security settings on nearly 100,000 desktop and laptop computers, said a newly released report.

A federal grand jury has returned an indictment charging a BDO Seidman partner with tax charges for attempting to help one of his clients evade income taxes.

The Justice Department has filed suit against four CPAs, 27 tax preparers and another individual, accusing them of promoting a tax scam that claimed bogus income tax credits for sham sales of methane from landfills.

With the repeal of the federal estate tax set for 2010 and its reinstatement scheduled just one year later, estate tax planning has become more complicated than ever. Wealthy clients need to incorporate flexibility into their current plans while taking advantage of favorable planning opportunities.