Income Tax

Florida ranks first in stolen identity tax refund fraud, a problem so pervasive it's now known as SIRF.

The rate of annual wage growth for private sector workers is expected to show little, if any, change in the coming months.

Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.

During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes – and perhaps penalty and interest.

According to a survey by the Texas Credit Union League (League), 65.6 percent of Texans who participated in a recent League survey said they plan to use their tax refund to pay off debt. Similarly, 45.9 percent of Texans plan to use their refund to jump start their savings.

ATX has long been a popular professional tax preparation system for small and mid-sized tax preparers, but this year many of these professionals have been less than pleased with the new version of the program.

Rita Crundwell, the former comptroller for the small city of Dixon, Illinois, has received a prision sentence of 19 years and 7 months for embezzling millions from the city. The sentence was handed down by U.S. District Judge Philip G. Reinhard.

Iowa state senators have offered a revised $250 million, five-year plan to reduce commercial property taxes for most Iowa businesses via an annual state tax credit.