Tax Strategies

The American Institute of CPAs and the American Association of Attorney-CPAs have partnered with the Internal Revenue Service to offer free tax return preparation assistance to some taxpayers impacted by Hurricanes Katrina, Rita and Wilma.

Marion Barry, the former four-term mayor of Washington and a current D.C. council member, was sentenced to three years of supervised probation on misdemeanor charges of failing to pay income taxes for six years.

The Internal Revenue Service awarded contracts to a trio of firms to participate in the first phase of its private debt collection initiative.

Professional preparation of a non-itemized Form 1040 will cost a taxpayer about $110, while an itemized 1040 with Schedule A will run about $201, according to a survey from the National Society of Accountants.

Taxpayers doesn't seem to be returning to pencil and paper after the Internal Revenue Service discontinued its TeleFile service.

American taxpayer support for overall tax compliance has reached an all-time high, according to an annual survey commissioned by the IRS Oversight Board.

Kroger Co., the largest supermarket company in the country, will restate its earnings for the past three years for errors in accounting of deferred taxes.

The Ohio Department of Taxation has collected approximately $63 million in delinquent taxes previously owed to the state, which is more than six times the initial goal set.

The Supreme Court heard a case on corporate subsidies that could have a major impact on the legality of state and local tax incentives used as a means to spur economic development.

More than a couple of decades ago, a suburban daily newspaper publisher convened his editorial staff at a local restaurant to elicit ideas for selecting the best community to live in within the readership area.