Liberty Tax Service reports that the number of federal tax return filed through February 29 have risen by 11.5 percent over the same period last year. The company also said that revenue has risen by 8 percent for the same period over totals in 2010. Read more...

The Internal Revenue Service has begun sending test results to tax return preparers who have taken the new return preparer competency test. The examination is part of a program to provide greater regulation of paid tax return preparers.