Income Tax

A former Waterbury, Connecticut police detective was sentenced on Thursday to five months in prison and five months of home confinement for trying to mislead a federal Internal Revenue Service investigation of charitable contributions he claimed as deductions on his tax returns in 2007 and 2008, according to the U.S. Attorney's office.

President Obama has just released a new 2015 budget designed to raise more than $1 trillion in revenue over the next ten years by boosting income taxes for upper-income individuals, closing or tightening tax loopholes and scaling back estate tax benefits.

A tale of sexting, blackmail and embezzlement involving two couples in Ohio and West Virginia reached a head last week when one of the parties, a former Bethany College cashier, admitted to stealing $1 million from the school to keep an online affair secret from her husband.

Could you ski for 24 hours straight, even for a great cause? An accounting firm in Maine has accepted the challenge.

Nine out of ten times, when a client complains about a price, the price is not the real problem, the problem is some aspect of the service, but the client may not know how to articulate their real complaint, so they focus on price. If you ask why, you can find out the real problem.

It won’t affect your 2013 tax return, but the National Society of Accountants (NSA) points out that the ACA will soon increase the complexity of tax filing with new rates and regulations that you – and your tax preparer – must know.

A stampede of applications for medical pot dispensaries could end up on the desks of state officials starting today.

Convicted psychic swindler Rose Marks was sentenced to just over 10 years in federal prison Monday for defrauding clients of her family's fortune-telling businesses out of more than $17.8 million.