Tax Strategies

A former attorney at BDO Seidman has pleaded guilty to tax evasion and tax fraud charges in connection with a tax shelter scheme.

President Barack Obama signed the massive $787 billion stimulus bill into law in an effort to boost the economy out of a deep recession.

The Illinois CPA Society is suggesting that couples have a heart-to-heart talk on Valentine’s Day about a topic that’s been making the rounds these days: money.

House and Senate leaders made last-minute adjustments to the economic stimulus package as the final bill headed for a vote.

The amount of taxes owed to the U.S. government from cross-border transactions by U.S. and foreign citizens and businesses is murky, according to a new report, but could be as high as $123 billion.

The Internal Revenue Service did not work effectively on over a quarter of the cases involving delinquent taxes of between $100,000 and $1 million, and in some cases simply dropped them, according to a new report.

Online bookkeeping service IAC-EZ is offering one month’s free use of its online software and free tax filing for a few lucky small business entrepreneurs.

The Internal Revenue Service has charged PGA champion golfer Jim Thorpe with income tax evasion for failing to pay $1.6 million in back taxes.

When filing a 2008 federal tax return, taxpayers will need to know the amount of their economic stimulus payment to properly determine if they are eligible for a recovery rebate credit.

Did you get your W-2? These documents are essential to filling out most individual tax returns. You should receive a Form W-2, Wage and Tax Statement, from each of your employers each year.