NEWSWIRE

IRS to Scale Back Oversight of Madoff-Like Trustees

The Internal Revenue Service has improved its oversight of nonbank trustees that act as custodians for tax-exempt retirement and savings accounts, and should now reevaluate the resources it expends on the program, according to a new report

Tax Preparers Charged with Hiding Funds in Israeli Banks

A trio of tax preparers have been charged with helping their clients evade taxes by hiding millions of dollars in secret accounts at two Israeli banks.

IRS Tax Return Preparer Office Arrives on LinkedIn

The Internal Revenue Service’s Return Preparer Office is extending its social media presence to LinkedIn.


Tax Preparer Pleads Guilty in Identity Theft Scheme

A Los Angeles-area tax preparer has pleaded guilty to tax fraud charges after he was accused of using his clients’ identities to file for large tax refunds that went to his address

Employers Need to Act Soon to Get Expanded Tax Credit for Hiring Vets

The Internal Revenue Service warned employers that they only have until June 19 to qualify for an expanded tax credit of up to $9,600 for hiring veterans.

IRS Advises Safeguarding Tax Records against Hurricanes

With the hurricane season starting early this year, the Internal Revenue Service is encouraging individuals and businesses to follow a few steps to protect themselves against natural disasters