Tax

Internal Revenue Service criminal investigators mainly pursued law-abiding citizens and businesses when seizing assets in civil forfeiture cases because they were easier to go after, according to a new government report.

The Internal Revenue Service is relaunching the much criticized private debt collection program this month after Congress required it to do so as part of legislation passed at the end of 2015.

The AICPA, NAEA, NATP, NCCPAP, NSA and others have combined to ask for improvements.

The Office of Professional Responsibility is trying to expand its authority over preparers – and running into opposition.

The Internal Revenue Service overpaid more than 600 employees approximately $4.2 million and underpaid over 900 employees an estimated $2.7 million because of incorrect calculations of manager salaries, according to a new report.

Sen. Jack Reed, D-R.I., and Chuck Grassley, R-Iowa, have introduced bipartisan legislation that would prevent businesses from deducting the money they pay to government agencies like the Securities and Exchange Commission to settle allegations of company wrongdoing.

When I started my practice I tried to extend as many clients as I could. I figured this would ease tax season and spread the work out throughout the year.

Jonathan Mariner, former CFO of Major League Baseball and now president of TaxDay, discusses how to help clients such as professional athletes deal with taxes in the different states where they work.

The IRS audited slightly more than 1 million returns of individuals in Fiscal Year 2016, down almost 16 percent from the prior year’s 1.2 million, according to the latest IRS Data Book.

Preparers are divided on the value of promoting themselves during their busiest time.