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America’s 10 Best-Paying Jobs Though C-level executives are infamous for what many consider to be their excessive pay, it turns out those sporting scrubs in the operating room bring in bigger paychecks, on average, than those wearing suits in the corner office. That’s...

April 25—Senate moves forward on state online sales tax bill. In February 2003, high-profile retailers such as Wal-Mart, Target, Toys R Us, Marshall Field’s, and Mervyn’s began voluntarily collecting sales taxes from their online customers. Their capitulation on what...

With lawmakers under pressure to find ways to reduce the deficit while avoiding the more painful spending cuts in the sequester, the Senate Budget Committee held a hearing to examine how to reduce the deficit by eliminating wasteful spending in the Tax Code. Edward Kleinbard...

The Internal Revenue Service has introduced a new tool for determining a taxpayer’s eligibility for an offer in compromise that can help lower the taxpayer’s outstanding tax debts. The IRS’s new Offer in Compromise Pre-qualifier tool helps tax practitioners determine a taxpayer’s...

Tax Court Disallows Ex-NFL Player Romanowski’s Horse Breeding Deductions WASHINGTON, D.C. (FEBRUARY 22, 2013) BY ANDREW ZAJAC BLOOMBERG (Bloomberg) Former National Football League player Bill Romanowski can’t deduct costs of a horse-breeding operation, the U.S. Tax Court...

The IRS has issued a warning to taxpayers who receive emails claiming to be from the agency. “Scammers use the IRS name or logo to make the message appear authentic so you will respond to it,” the warning reads, adding that the tactic is actually “phishing” — attempting to...

Sequestration will lead to IRS cuts in services, enforcement, and tax-related payments  BY SALLY P. SCHREIBER, J.D. MARCH 5, 2013 Now that sequestration has taken effect, the IRS has announced the following reductions in tax-related payments as a result of the Budget Control Act...

Tax refunds may be delayed as IRS seeks to stop identity theft BY RICHARD RUBIN BLOOMBERG NEWS WASHINGTON — Some taxpayers seeking a quick refund might have to wait longer than usual this year as the Internal Revenue Service tries to stop criminals who steal others’ identities...

An S corporation must file Form W-2 for each more-than-2% S corporation shareholder-employee on whose behalf health and accident insurance premiums have been paid (or health savings account (HSA) contributions made. The cost of these premiums is included in the...