Tax

Financial Executives International filed an amicus curiae “friend of the court” brief on April 4 in support of a court decision in a case involving Textron to protect certain tax work papers and supporting notes from disclosure to the Internal Revenue Service.

With tax season now behind us, accountants can turn their attention to the clients who are on extension and provide advice to other clients to help them save money in the year ahead.

The Tax & Accounting business of Thomson Reuters has introduced an Enterprise Suite containing a set of software for large tax and accounting firms.

Harry Willner, a former Internal Revenue Service agent, was sentenced last week to a year in jail for a tax fraud scheme.

The Senate Finance Committee proposed a new tax bill that seeks to prevent the alternative minimum tax from spreading to more taxpayers next tax season.

Presumptive Republican presidential nominee Sen. John McCain, R-Ariz., has released his 2006 and 2007 tax returns.

Tax preparer Matthew Carl Berry was convicted of federal tax fraud charges for operating a scheme that earned him, family members and associates more than $1 million, according to the Justice Department.

Right on time for the conclusion of tax season, the House has passed a bill that promises to make tax preparation easier, while also repealing the IRS Private Debt Collection Program.

Presidential hopeful Sen. Barack Obama, D-Ill., released the 2007 tax return for himself and his wife Michelle.

The Internal Revenue Service said it would be watching to make sure charities and religious organizations don't violate their tax-exempt status by engaging in political activities this campaign season.