Tax

Every year without fail, cybercriminals take advantage of tax season to steal money from innocent people trying to be good citizens.

The EU is appealing a defeat inflicted by a lower court that overturned a decision to force the ecommerce firm to pay back $265 million of tax breaks regulators had deemed unfair. 

The agency had scaled back audits of all taxpayers between 2010 and 2019, with the total audit rate falling to 0.25% from 0.9%.

Federal stimulus payments may have helped many taxpayers make it through the first year of COVID, but they also were a huge source of errors on tax returns.

Practitioners are mostly advising clients to 'wait and see' what happens with tax legislation.

The service is largely blaming third-party promoters, but it's putting some of the burden of fixing the problem on tax preparers.

The IRS did not meet a requirement under the Taxpayer First Act to create an online system for processing business transcript requests by January 2023, according to a new report.

Investors and analysts had complained that the existing disclosures don't offer enough information.

While the court's ruling in Bittner v. U.S. is considered taxpayer-favorable, there are issues to consider as you dig into the findings.

The IRS notified the pharmaceutical giant that it owed $3.6 billion for the 2010-2012, and demanded $5.1 billion more for 2013-2015.