Tax

A House subcommittee plans to conduct a hearing into the tax treatment of derivatives next week.

When you think about filing your tax return, do you have more questions than answers? The entire process can be confusing and frustrating, but a little information can make the experience much more bearable. Here are some common tax-season questions, along with practical answers, from the New Jersey Society of Certified Public Accountants (NJSCPA):

At this time of year, people are organizing their records in preparation for filing their tax returns. This is often a challenging task, and that may be particularly true for those who are serving in the armed forces.

The Internal Revenue Service has made available records from one of its most famous legal cases of all time, the tax evasion prosecution of Chicago gangster Al Capone in 1931.

The Internal Revenue Service said it would add distressed-asset trust transactions to its list of tax avoidance transactions, signaling that such transactions need to be disclosed and may be subject to penalties.

The House has again passed an energy tax bill that would increase taxes on major oil and gas producers by $18 billion while providing incentives for renewable energy.

The Internal Revenue Service said it is beginning enforcement actions against more than 100 U.S. taxpayers who have been sheltering their funds from taxes by depositing them in secret bank accounts in the tax haven of Liechtenstein.

The Internal Revenue Service has introduced an electronic filing system that allows small tax-exempt organizations to file Form 990-N "e-Postcards" to report their annual income.

House Democrats plan to reintroduce a bill this week that would shift tax breaks from oil and gas to renewable energy sources.

Germany has committed to sharing tax evasion information as a widening tax scandal involving its citizens and the tax haven of Liechtenstein spreads to other parts of Europe.