IRS

WASHINGTON — In response to the Boston Marathon terrorist act, the Internal Revenue Service has announced a three-month tax filing and payment extension to Boston area taxpayers. This relief applies to all individual taxpayers who live in Suffolk County, Mass., including the city of Boston. It also includes victims, their families, first responders, others impacted […]

A former IRS agent who opened a tax preparation business was sentenced Friday to nearly 24 years in prison for defrauding clients out of more than $11 million and then attempting to hire a hit man to kill four of them.

While succeeded in obtaining a federal judge's permission to plead his own case, the court rejected a lengthy habeas corpus motion in which Dr. Unger disavowed the court's jurisdiction and used numerous Biblical references to support his effort to seek release pending trial.

It's no secret that professional athletes can earn big paychecks. But in most cities and states they visit, they leave little pieces of them behind.

The Internal Revenue Service today announced that its Office of Professional Responsibility (OPR) obtained the disbarment of Certified Public Accountant Anthony A. Tiongson for charging unconscionable fees, giving irresponsible advice to clients and making false statements to federal and state authorities, among other things.

More than half of all tax returns filed with the Internal Revenue Service are prepared by professionals. That’s a substantial number of returns, so it is sad to see the number of preparers who make significant errors.

Every tax professional, most small business owners and a good number of other taxpaying Americans know that last-minute changes to the tax code this year resulted in a delayed tax filing season.

Complexity and inconsistency within the tax code continue to be a major problem for small businesses, and one-in-four report spending 120 hours or more per year on the administration of federal taxes—three full work weeks!