Tax

The Internal Revenue Service reminds tax professionals that there are IRS tools to help them prepare accurate EITC claims. Tax professionals prepared 71 percent of the 21.1 million EITC claims for tax year 2004.

A jury found Richard Hatch, who won $1 million on the first season of the CBS reality show "Survivor," guilty on three counts of tax evasion for failing to pay taxes on his winnings and other income.

CCH and H&R Block's Specialty Tax Services Division announced a partnership to offer a domestic service solution for accounting professionals who need to outsource some or all of their work during the busy tax and extension seasons.

With the State of the Union address just a week away, advisors to President Bush said that new tax breaks for health care costs are being considered.

It didn't take long for the Internal Revenue Service to move forward in combating one of the major complaints outlined in the Jan. 10 report from the national taxpayer advocate.

A memo out of the Internal Revenue Service's Office of Chief Counsel makes the case that gender reassignment surgery cannot be deducted as a medical expense for tax purposes.

Tax fraud promoter Paul D. Harris was sentenced in U.S. District Court in Denver to five-and-one-half years in prison, followed by three years of supervised release, the Department of Justice and Internal Revenue Service said.

As taxpayers begin to prepare their tax returns, the Internal Revenue Service noted that some may be sending their returns to a different service center than last year.

The Internal Revenue Service announced the opening of Free File, the free tax preparation and free electronic filing initiative now in its fourth year. More than 70 percent of the nation's taxpayers -- over 92 million people -- qualify for Free File this year.

An accountant for "Survivor" winner Richard Hatch testified that she told the reality TV star not to file a tax return omitting the $1 million prize he won from the show.