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The 2005 filing season was a good one for the Internal Revenue Service, according to the Treasury Inspector General for Tax Administration.
June 13 -
The IRS Oversight Board at its recent meeting raised concerns over the agency's plan to close some of its Taxpayer Assistance Centers this fall.
June 13 -
A California start-up is entering the online tax prep software fray with the launch of a new Web-based software package aimed at accounting firms with up to 15 practitioners.
June 12 -
The Internal Revenue Service will co-sponsor a free Webcast next week focusing on collection issues, including partial-payment installment agreements and offers in compromise.
June 7 -
Tax prep software maker Drake Software has named company veteran Tim Hubbs, CPA, as its president and chief executive.
June 7 -
Top-ranked accounting firms Marks Paneth & Shron LLP of New York City and Chattanooga, Tenn.-based Decosimo CPAs have forged a strategic alliance to provide sophisticated international tax planning and consulting services to midsized businesses.
June 7 -
The Internal Revenue Service is reminding taxpayers that the agency isn't kidding around when it comes to frivolous cases aimed at delaying tax collections.
June 6 -
In a move that promises to have far-reaching consequences for global operations and international tax compliance, the Supreme Court has ruled that defendants who evaded Canadian taxes could be prosecuted in the U.S. under federal wire fraud laws.
June 5 -
MCI agreed to pay $100 million in cash to the state of Mississippi for back taxes that the state claimed were owed by the company's predecessor, WorldCom.
June 5 -
A crackdown on abusive tax shelters that includes codifying the economic substance doctrine would create legal booby traps for small businesses and open the door for new abuses by unscrupulous tax shelter promoters, the American Institute of CPAs warned Congress.
June 5