New tax rule for eBay and Venmo will cause ‘significant confusion,’ CPAs say

As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a chorus of e-commerce companies and pay platforms who say a revamped tax form is about to cause ...

Dear Tax Guy: Our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?

We gave our daughter money towards a down payment on a home and learned we had to file a gift tax return. Our accountant charged us $486 for this. Why can’t you just add a form to your regular tax ret...

Do you have problems with the IRS — or does the IRS have a problem with you? Read this before you act.

How do you deal with a problem like the Internal Revenue Service? And how do you deal with your own tax problems as they pertain to the IRS? To be clear, I’m not talking about major problems like righ...

Inflation Reduction Act would send $80 billion to the IRS. Tax experts say it may not be enough to help the backlogged agency.

For roughly a year, Jonathan Baer watched a paper folder full of tax-related paperwork slowly grow as he chronicled his effort to claim his 2020 tax refund. The attempts included upwards of 40 phone c...

TurboTax reaches settlement to pay $141 million for allegedly deceiving customers into paying for tax prep that should have been free

Tax software giant TurboTax has reached a multi-state settlement to pay back $141 million to low-income customers who were allegedly deceived into paying for tax services they should have gotten for f...

Founder of nationwide tax-prep firm sentenced to prison for skimming $70 million in exorbitant fees over a 5-year period

Talk about a tax burden. The founder of a nationwide tax preparation chain has been sentenced to a year and a day in prison for running a tax refund advance scheme that fleeced customers with $70 mill...