Tax

The Taxpayer Advocate Service needs to do a better job of processing requests from taxpayers for relief from Internal Revenue Service enforcement actions, said a new report from the Treasury Department's watchdog group.

The Internal Revenue Service said that economic stimulus payments directly deposited to individual retirement accounts and other tax-favored accounts may be withdrawn tax-free and penalty-free.

Comedian and Senate candidate Al Franken pointed the finger at his accountant for paying his taxes incorrectly and said he would make good on the mistake.

At least 485 cities across the U.S. increased their sales tax rates last year, according to a newly released study.

IRS Narrows Tax Gap

The American Institute of CPAs found a range of responses when it surveyed Americans on how they intend to use their tax rebates.

Pop singer Britney Spears' company has been slapped with a tax lien by the state of California for owing nearly $24,000 in back taxes.

Fed Cuts Rate to 2 Percent

The government won its second victory in the past month in a lease-in, lease-out tax shelter case, after the Court of Appeals for the Fourth Circuit agreed with a federal district court that BB&T Corp. is barred from obtaining a tax refund of approximately $4.5 million.

The Internal Revenue Service stepped up its compliance activities last year and saw its revenues jump, according to a new report.