Tax

A record total of 90.6 million tax returns were filed electronically this year, with more than a third coming from home computers.

Both the House and Senate approved President Barack Obama’s $3.4 trillion spending plan on his 100th day in office, but largely along party lines.

It seems almost obligatory to write a story about the 100th day of the Obama administration, but when you’re in the news business, you ignore these kinds of artificial milestones at your own peril.

A large majority of CFOs and senior controllers intend to take advantage of the bonus depreciation provision included in the economic stimulus bill, according to a survey by Grant Thornton.

H&R Block reported that the total number of tax returns prepared as of April 15 fell by 667,000, or 3.1 percent, compared to last year, excluding economic stimulus filers, but Block still earned a record amount on fees.

Recovering from a stressful tax season can provide a much needed breather for accountants, but one medical expert has some advice they can use year-round.

The Treasury Department’s Inspector General for Tax Administration is urging the IRS to ensure better compliance by tax-exempt organizations that don’t file their tax returns.

IRS REFORMS CONTRACTING

The Bernard Madoff situation is just the most notorious of dozens of Ponzi schemes that have surfaced since the current recession made it more difficult for the operators of those schemes to keep covering payouts and redemptions with money from new investors.

The Internal Revenue Service now has a new interest in sports and entertainment - and not just as a spectator.