Tax Watch: Client-attorney privilege challenged in shelter case
The government recently took unprecedented action against a Dallas-based law firm, seeking the names of taxpayers that the…
Tax Watch: Employer ID numbers available via IRS site
The Internal Revenue Service now permits businesses to obtain identification numbers directly from its web site. After the…
Tax Watch: Congress’ budget office expects record deficit
The Congressional Budget Office has increased its estimate of the federal budget deficit for fiscal 2003, expecting it…
Tax Watch: New tax cut may bypass 8 million taxpayers
A recent study by the Urban Institute-Brookings Institution Tax Policy Center claims that 8.1 million low- and middle-income…
Tax Watch: Challenge for the challenged misses the mark
The 9th U.S. Circuit Court of Appeals recently dismissed an argument that the tax laws fail to provide…
Tax Watch: No more refunds on overstated earnings
In yet another effort to crack down on corporate fraud, the Senate has moved to prevent companies from…
Tax Watch: Looming, booming federal budget deficits
The Congressional Budget Office has announced that this year’s federal deficit will exceed $300 billion – the largest…
Tax Watch: Free File still an option for the extension crowd
The Internal Revenue Service is reminding taxpayers that Free File, the tax preparation and electronic-filing service, remains available…
Tax Watch: Sorry, no wiggle room on claim deadlines
It’s common knowledge that in order to get a refund, a tax return must be filed. But what…
Tax Watch: IRS faces heat over drop-off in tax prosecutions
Criminal enforcement of the nation’s tax laws by the Internal Revenue Service has plummeted to an all-time low,…