Tax Strategies

An Internal Revenue Service employee who improperly accessed the financial information of 200 celebrities and sports figures was sentenced to three years’ probation, 60 hours of community service and a $1,000 penalty.

SpeedTax introduced an online CPA Questionnaire that allows accounting professionals to determine their clients' sales tax audit risk.

The Internal Revenue Service released its summer 2008 Statistics of Income Bulletin, featuring tax year 2005 data on the growth of profits and tax liability at foreign-controlled domestic corporations.

A recent study on corporate tax payments has been making waves on the Internet and in Washington in the past week.

A Utah attorney was sentenced to 120 months in prison and 36 months of supervised release after he was convicted of participating in a $20 million offshore tax fraud conspiracy.

Inventor Gilbert P. Hyatt received a jury award of more than $388 million after suing California's Franchise Tax Board for its conduct in auditing him more than a decade ago.

H&R Block ended an eight-month search to fill its president and chief executive posts as the tax-prep giant, headquartered here, appointed former McDonald’s Corp. executive Russ Smyth to those positions.Smyth, who formerly served as president of McDonald’s Europe, succeeds Alan Bennett, who has served as interim CEO since November 2007. Smyth was scheduled to assume the Block helm August 1.

The Missouri attorney general has filed suit against tax representation chain JK Harris & Co., saying the firm did not provide the services promised to resolve its clients' state and federal tax problems.

John Gutfreund, former CEO of investment bank Salomon Brothers, is facing a lien of over $430,000 from the Internal Revenue Service on his 16-room Fifth Avenue apartment.

The Internal Revenue Service has offered more ways for employers to make voluntary corrections in their employee retirement plans to bring them into compliance with tax laws and regulations.