Income Tax

A Massachusetts man was convicted today of defrauding the Internal Revenue Service out of nearly $2 million by lying on corporate tax forms about how many workers he employed, according to the U.S. Attorney's Office.

Boston Fed chief Eric Rosengren painted a generally encouraging picture for the U.S. economy, noting "signs of underlying strength" despite lingering fiscal uncertainty as the calendar flipped to 2013.

For more than a decade, hospitals all over the world have depended on medical instruments developed by Camarillo, California-based Kinamed Inc.

Accountants and business leaders say small businesses can take steps to protect themselves from employee theft. Good accounting practices are a must.

The end of the 2 percent payroll tax cut, a provision in Congress' fiscal cliff deal, will be felt by most wage earners, and the local businesses those workers shop at.

A southeastern Illinois accountant faces a 40-count federal indictment alleging that he stole more than $1.5 million from an elderly client and used the money on personal expenses.

Pennsylvania residents who file personal income tax returns were able to begin filing electronically for the 2012 tax year this week, despite the delay until Jan 30 for federal 1040 returns. Taxpayers using the combined Federal/State e-file service will need to wait until the end of the month.

FedEx Express has donated a Boeing 727-200F to California Baptist University for use by its new aviation science program. The cargo jet made its final taxi today after landing at the Riverside Municipal Airport. The aircraft will be on permanent display at the airport and will provide a working laboratory for aviation science students.