IRS

The Internal Revenue Service needs to improve its process for conducting parallel investigations, according to an audit conducted by the Treasury Inspector General for Tax Administration.

Last year, it was the fiscal cliff that delayed the start of tax season- this coming year, blame it on the partial government shutdown.

The Internal Revenue Service has made no significant improvement in reducing improper Earned Income Tax Credit payments, according to the latest report released by the Treasury Inspector General for Tax Administration.

Thomson Reuters released a report on the IRS’s guidance on same-sex marriage following the Supreme Court’s ruling that struck down section three of the Defense of Marriage Act as unconstitutional.

The current lapse in federal appropriations does not affect the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS, as required by law.

As this column goes to print, provisions of the Patient Protection and Affordable Care Act (also known as the “ACA,” or ObamaCare) will change accountants and tax preparers from “trusted advisors” to a more derogatory status:

On Monday night, the U.S. Congress rejected the U.S. Senate's version of the House bill for a debt limit increase, which effectively shuts down some of the non-critical operations of the federal government.

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.