Tax Strategies

The Internal Revenue Service has sent an advisory to caution taxpayers about how to choose a tax preparer and avoid preparer fraud.

The mausoleum set up by Roland Burris, the former Illinois attorney general named to succeed Barack Obama in the U.S. Senate by disgraced governor Rod Blagojevich, includes on a list of accomplishments the fact that he was the first non-CPA to be on the board of the Illinois CPA Society.

The Kansas Small Business Development Center has launched an enhanced Web site.

The Internal Revenue Service plans to offer several new ways to help people struggling to meet their tax obligations because of the recession, and will expand its Free File program to allow nearly all taxpayers to electronically file their taxes for free.

H&R Block has agreed to a $4.85 million settlement with California Attorney General Jerry Brown, and to stop marketing refund anticipation loans as early tax refunds.

They’re back and ready to dole out hundreds of billions of dollars in new tax cuts and spending, but will it be enough to restart the limping economy?

National Taxpayer Advocate Nina Olson said in her annual report to Congress that taxpayers affected by the recession should be treated more compassionately by the IRS.

President-elect Barack Obama and his transition team reportedly plan to propose approximately $300 billion in tax cuts as part of an overall economic stimulus package.

The Internal Revenue Service has added four new tax experts to its IRS Advisory Council who will provide the agency with outside input on tax administration issues.

The Internal Revenue Service has issued new regulations on cost-sharing arrangements for multinational companies that provide some extra flexibility in transfer pricing schemes.