Income Tax

In a February 13 comment letter from the American Institute of CPAs (AICPA) to the Internal Revenue Service (IRS), the organization addresses two interpretive issues related to the treatment of advance payments deferred under Rev. Proc. 2004-34 ...

It’s that time of year for part-time help at the local tax-preparation location, when drivers can see seasonal staff standing at busy intersections wearing costumes of the Statue of Liberty or Uncle Sam. But they’re not the only ones who are hired part ti

The Internal Revenue Service has changed some procedures that it says will make it easier for small business owners to comply with the final tangible property regulations.

If you move to Puerto Rico, you can retain your U.S. citizenship while saving taxes, not an option in some other so-called tax havens. Although the tropical island is just a little more than 1,000 miles from Florida, it might as well be halfway around ...

It appears that it’s too soon to close the books on the recent spate of fraudulent tax refunds filed through TurboTax, the country’s leading provider of tax preparation software. According to the Wall Street Journal, the Washington Post and various oth

Two of the most asked questions by Americans this time of year are either, "How Much Do I Owe?," or "Where's My Income Tax Refund?"

The IRS reminded taxpayers the Presidents Day holiday period typically marks one of the busiest weeks of the tax filing season for its phone lines. There are other alternatives to help taxpayers find answers to commonly asked tax questions.

Taxpayers should be on the lookout for scam artists and scheme promoters peddling outlandish arguments.