Income Tax

With tax season upon us, the most common form of identity theft has been popping up, officials warn.

The last thing you need in the middle of tax season is to be hit by scammers trying to plant malware on your computer and force you to make payments to them.

The Internal Revenue Service has announced the selection of seven new members for the Information Reporting Program Advisory Committee (IRPAC)

As the IRS struggles to curb rising tax-identity theft rates, business tax e-filing service efile4biz.com is protecting its users by taking every possible precaution to keep stored data from falling into the wrong hands.

Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.

Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make a tight deadline even more stressful.

The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.

Thomson Reuters has released a special retrospective report focused on the key tax developments that occurred during 2013, which included a major federal tax law as well as many significant new cases, regulations, rulings, and revenue procedures.