Tax

The Internal Revenue Service has selected three new members for its Electronic Tax Administration Advisory Committee, the body that serves as a public forum for discussion of electronic tax administration issues.

As worldwide legislative and regulatory changes make tax risk planning a top priority, many companies are aligning their tax strategies with their organization's overall enterprise risk profile, according to a survey of corporate tax directors by Ernst & Young.

A Connecticut district judge ruled against the Internal Revenue Service and ordered the agency to refund more than $62 million to a General Electric subsidiary stemming from a transaction that the IRS said was a sham.

The American Institute of CPAs has named Thomas J. Purcell III to a two-year term as chairman of its Tax Executive Committee, the tax policy and standards-setting body of the AICPA.

Despite Internal Revenue Service assertions that it had halted the decline in the government's efforts to police corporate tax non-compliance, the pace of corporate audits is running well below record-low levels registered in 2003, according to an analysis of IRS data.

Harper & Pearson Co., an auditing and business consulting firm based here, has merged two regional tax-consulting practices under its brand - Cabaniss, Horn & Passmore, and Kathy B. Devine Co.

More than 60 charities, churches and other tax-exempt groups have been contacted by the Internal Revenue Service about alleged improper political activities, the agency disclosed.

The National Association for the Advancement of Colored People is reportedly under investigation by the Internal Revenue Service for violating the terms of its tax-exempt status in a probe that the group's chairman says stems from comments he made that were critical of President Bush.

The Internal Revenue Service warned consumers against bogus claims by promoters that tax debts can be settled for "pennies on the dollar" through the Offer in Compromise Program.

The founder of a company charged with conspiring to defraud the government was arrested this week crossing the border from Mexico to the United States near Laredo, Texas, the Department of Justice said.