Tax Strategies

The American Institute of CPAs found a range of responses when it surveyed Americans on how they intend to use their tax rebates.

Pop singer Britney Spears' company has been slapped with a tax lien by the state of California for owing nearly $24,000 in back taxes.

Fed Cuts Rate to 2 Percent

The government won its second victory in the past month in a lease-in, lease-out tax shelter case, after the Court of Appeals for the Fourth Circuit agreed with a federal district court that BB&T Corp. is barred from obtaining a tax refund of approximately $4.5 million.

The Internal Revenue Service stepped up its compliance activities last year and saw its revenues jump, according to a new report.

Entertainment and sports accountant Mike Vaden and his Vaden Group have allied with regional accounting and business advisory firm Joseph Decosimo & Co. to form a business management practice aimed at the entertainment industry and high-net-worth individuals.

Accounting firm Plante & Moran said it was seeing optimism among the businesses it surveyed in the Midwest despite general worries about the economy.

President Bush said the Treasury Department would begin distributing the first batch of tax rebates by direct deposit on Monday.

Wesley Snipes was sentenced to the maximum of three years in prison for failing to file his income taxes.

The federal government has lost a Son of Boss tax shelter case involving taxpayers who invested in foreign currency options.