Income Tax

A Tulsa, Oklahoma, woman was sentenced Wednesday to five years of probation and was ordered to pay more than $79,000 in restitution to the Internal Revenue Service after pleading guilty to aiding and assisting in the preparation of a false federal income tax return.

A New Jersey judge slapped the Minnesota Vikings owners Monday with an order to pay $84.5 million in damages to former partners they defrauded in a decades-old real estate deal.

On Thursday, the House Judiciary Committee released basic principles pertaining to the issue of Internet sales tax. To develop these principles, the Committee received input directly from taxpayers, industry and trade groups, and representatives of state and local governments.

New Jersey Governor Chris Christie on Wednesday signed into law a bill overhauling the state's tax incentive programs, touting the measure as a bipartisan achievement that would enable New Jersey to better compete for business.

The Tax Division of the U.S. Department of Justice has announced an agreement with Switzerland that would permit all but a few Swiss banks to avoid criminal prosecution by paying substantial fines and turning over information on accounts held by American clients.

The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by severe storms, flooding, landslides and mudslides in Colorado.

National Survey Shows Small Businesses Show Less Concern Until They Become Victims Themselves

Financial fraud is widespread in America, with more than four of five people in a new poll saying they've been targeted by scammers in one form or another.