Taxpayers can now file five affected forms as the Internal Revenue Service is now processing five tax forms affected by legislation involving the Alternative Minimum Tax (AMT).

An economic stimulus plan expected to be signed this week by President Bush will provide most Americans with rebates of $300, $600 or $1,200 in 2008, plus $300 for each child, depending on their filing status, income and net tax liability.

Although the Economic Stimulus Act of 2008 is best (and most expensively) known for providing tax rebates for lower and middle income persons, businesses also received some tax benefits in terms of accelerated write-offs for new equipment purchases. Here are the details.

Although the IRS today confirmed a tax filing delay for millions of taxpayers claiming any of five popular credits related to AMT calculations, a survey conducted Dec. 18 to 20 for H&R Block (NYSE:HRB), the country’s largest tax preparation firm, revealed that a majority of taxpayers questioned were unaware of the potential tax filing delay created by the recent passage of the AMT legislation.

Do you share dividend income with your spouse in your family company? Those contractors who do will pay a significantly higher amount of tax under the new income shifting proposals that the Treasury put forward last week.

The Internal Revenue Service and Treasury Department released on June 11 Notice 2007-54, providing guidance and transitional relief for the return preparer penalty provisions amended by the Small Business and Work Opportunity Act of 2007.

A multibillion-dollar gap between what public companies book as expenses for their executives' stock options and what they report to the Internal Revenue Service under two sets of rules is costing the Treasury billions in lost revenue, a key senator seeking to end the discrepancy said Tuesday, according to the AP.

The recently completed 2007 tax filing season set a number of electronic records, highlighted by over 76 million electronically-filed individual tax returns and more than 140 million visits to IRS.gov, the Internal Revenue Service said on May 15th.

Denouncing the infamous "Saral" income tax return form as anything but simple, Finance Minister of India P Chidambaram announced the introduction of a fresh set of simplified return forms to be known simply as ITR.

Intuit Inc. (Nasdaq: INTU) apologized to Lacerte, ProSeries and TurboTax customers affected by the slowdown in the company's electronic filing system on April 17.

Taxpayers affected by the major storm that hit the Northeastern United States April 16 now have until Thursday, April 26 to file their tax returns, the Internal Revenue Service said today.

Taxpayers who were unable to e-file their tax returns Tuesday using Intuit Inc. software products have until midnight on Thursday, April 19, to file their returns, the Internal Revenue Service announced Wednesday.