Taxes

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 ‘Sandy tax’ may hit many coastal residents in N.J., N.Y.

February 22, 2013 

‘Sandy tax’ may hit many coastal residents in N.J., N.Y.

Residents of New Jersey and Long Island, New York's, coastal counties who live away from the water could be forced to pay higher property taxes to offset millions of dollars in lost revenue from hard-hit beachfront towns, a county official said.

 Tax professionals offer tips to avoid IRS audits

February 20, 2013 

Tax professionals offer tips to avoid IRS audits

During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes…

 Former IRS agent pleads guilty to theft of funds

February 15, 2013 

Former IRS agent pleads guilty to theft of funds

A Kansas woman formerly employed by the Internal Revenue Service faces up to 10 years in federal prison and fines after admitting she stole thousands in public funds, a federal prosecutor said Thursday.