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Former Treasury Secretary Lawrence Summers said the Trump administration's moves to downsize the IRS are likely to incentivize reduced tax-payment compliance.
By Christopher AnsteyApril 23 -
Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.
By Jim WyssApril 22 -
White House officials are preparing executive orders that would strip some environmental nonprofits of their tax-exempt status.
By Jennifer A. Dlouhy and Akshat RathiApril 21 -
Tax collections are confirming Wall Street forecasts that the U.S. government will not exhaust its borrowing capacity until later this year.
By Carter JohnsonApril 21 -
Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, to lead the IRS, after Gary Shapley had been installed without Bessent's knowledge.
By Stephanie LaiApril 21 -
President Donald Trump is considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.
By Alicia Diaz and David WestinApril 17 -
The university pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status.
By Janet LorinApril 17 -
The Internal Revenue Service is projected to lose more than $313 billion over a decade as undocumented workers are poised to pay fewer taxes.
By Augusta SaraivaApril 11 -
The legislation blocks a rule that would have forced some cryptocurrency brokers to provide tax information on transactions on their platforms.
By Stephanie LaiApril 11 -
President Trump's so-called reciprocal tariffs are dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.
By Catherine LuceyApril 9