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U.S. Cities Increasing Sales Taxes in Record Fashion In 2007, 485 U.S. cities increased their sales tax rate, of which 37 percent were newly imposed city tax rates and 63 percent were straight increases in existing city tax rates.

News & Insights

Tax Gap Challenges Remain The Internal Revenue Service is making progress in crafting a strategy to reduce the tax gap, but significant challenges remain in implementing it, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA). May's Tax Talk Today Features Electronic IRS Economic stimulus payments directly deposited into IRAs and other tax-favored accounts may be withdrawn tax-free and penalty-free, the Internal Revenue Service said. IRS Seeks New Members of Advisory Council The Internal Revenue Service is seeking applications for its broad-based private-sector advisory panel, the Internal Revenue Service Advisory Council (IRSAC), which provides feedback and recommendations regarding tax administration. Relief for Stimulus Payments Withdrawn from IRAs and Tax-Favored Accounts Economic stimulus payments directly deposited into IRAs and other tax-favored accounts may be withdrawn tax-free and penalty-free, the Internal Revenue Service said. Board Declares Tax Season a Success The Internal Revenue Service delivered a smooth filing season despite a number of challenges that had to be overcome and "deserves a lot of credit," the IRS Oversight Board said Tuesday. Americans Divided on Their Plans for Tax Rebates Americans are divided about how they plan to use their economic stimulus tax rebates, with almost equal numbers saying they will save it, spend it or pay down debt with it, according to a survey by the American Institute of Certified Public Accountants. IRS Collects More in 2007 The Internal Revenue Service examined more corporate and individual tax returns and raked in more money from enforcement activities in the 2007 budget year, according to the Treasury Department's Inspector General for Tax Administration. Wesley Snipes to Serve 3 Years in Prison for Tax Convictions Wesley Snipes called on famous friends to vouch for him, highlighted his clean criminal record and even wrote the government $5 million in checks - all in an effort to convince a judge that his conviction on tax charges should cost him nothing more than home detention and some public service announcements. IRS Launches Small Business Campaign The Internal Revenue Service launched a campaign to help educate new self-employed small business owners about federal tax responsibilities.

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