Tax Strategies

A report by the Treasury Department's inspector general faults the Internal Revenue Service for its management of taxpayer records.

Presidential hopeful Sen. Barack Obama, D-Ill., has released seven years of tax returns, putting added pressure on rival Sen. Hillary Clinton, D-N.Y., to release her tax returns.

The Internal Revenue Service plans to open up hundreds of locations on Saturday, March 29, to provide advice to people who are eligible to receive an economic stimulus payment but who normally do not file tax returns.

Spammers have begun sending e-mail messages purporting to come from TurboTax customer support encouraging recipients to download an updated version of the software from a fake Web site.

The Internal Revenue Service has come out with its annual list of tax scams for this season, and it contains some alarming items.

Former KPMG tax partner Robert Pfaff has been indicted on new charges alleging he participated in a tax shelter scheme involving the Big Four firm and a company located in Saipan in the Northern Mariana Islands.

The American Institute of CPAs said its members have been answering tax questions for USA Today as part of an annual effort to provide online tax assistance to readers.

The AICPA said it has sent a letter to the Internal Revenue Service urging its agents to be aware of "scriveners' errors," or unintentional mistakes, in the drafting of employee benefit plans.

The Internal Revenue Service said it has approximately $1.2 billion in unclaimed refunds waiting for 1.3 million people who did not file federal income tax returns for 2004, but they need to file by April 15, 2008, to claim the money.

Eight employees of the Monongalia County, W.Va., sheriff's department tax office are sharing the proceeds of a Powerball lottery ticket worth $273.6 million.