Tax

A Cambodian-American tax preparer and accountant from Long Beach, Calif., went on trial in a Los Angeles federal court for plotting to take over Cambodia with a group of freedom fighters.

Financial Web site myStockOptions.com has opened an online Tax Center that explains issues related to equity compensation for tax year 2007.

The Justice Department said a federal court in Seattle has permanently shut down a nationwide "warehouse bank" tax defiance scheme that helped its customers evade federal taxes.

Treasury Inspector General Faults IRS Security

The Internal Revenue Service is postponing its tax-filing deadline for victims of the recent floods, storms and tornadoes in four states.

The Senate Finance Committee heard testimony from Roby B. Sawyers, a professor in the College of Management at North Carolina State University and a member of the American Institute of CPAs' Tax Executive Committee, about the institute's recommendations for estate tax reform.

Employers Slash 80,000 Jobs in March

The Internal Revenue Service is looking for new members to apply for its Information Reporting Program Advisory Committee, including tax preparers.

A $5-per-patron fee on Texas strip clubs has been struck down as unconstitutional by a district judge.

The Justice Department's Tax Division hailed its victory in what it called an "important tax shelter case" that was decided in a Texas district court.