Laura Davison

The 2022 tax season, predicted by some to be a perfect storm, is coming to a close with barely a stiff wind.

The projections foreshadow a sharp increase in corporate tax collections because of a pact between nearly 140 countries to implement a 15% minimum rate.

Elizabeth Warren and Judy Chu want to know why those making less than $25,000 are audited more often than those making more than $200,000.

The legislation would cause sanctioned Russian oligarchs and American companies that pay taxes to Moscow to lose some of their U.S. tax benefits.

Manchin doomed two pieces of the plan — ending a tax break for fossil fuels and taxing unrealized capital gains — just hours after Biden announced them.

President Joe Biden made a fresh effort on Monday to persuade Congress to take steps to overhaul the tax code and squeeze more revenue from the largest companies and the wealthiest households.

The proposal aims to collect more revenue from the largest U.S companies that are earning more than they did before the pandemic and war in Ukraine.

The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.

Rep. Bill Pascrell is looking at coach compensation information to see if their large salaries run afoul of the schools’ tax-exempt status.

The service is outmatched in resources and expertise when it audits some of the largest companies in the country, the agency’s top official said.

Sen. Sheldon Whitehouse is pitching a tax on oil companies as part of a broader plan to mitigate the impact of inflation on middle-income families.

There’s a glimmer of hope for frustrated taxpayers who have been unable to reach the service or have had their tax refunds held up by massive processing backlogs.

Senators Sheldon Whitehouse and Elizabeth Warren say they’re working on a proposed new tax targeting profits being reaped by oil companies as crude prices spike amid geopolitical tensions.

Two House Democrats have a new plan to provide a more generous state and local tax deduction.

The service is expanding its capacity to process tax returns following criticisms from members of Congress about taxpayers waiting months for refunds.

The average refund issued so far this year is $2,201, down about $600 from the typical refund issued last year, according to the IRS.

Democrats are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Biden’s economic package leaves them without promised benefits.

Senate Finance chair Ron Wyden weighed in on the use of third-party facial recognition software ID.me in a letter to Commissioner Rettig.

The additional staff are to help the agency navigate what will likely be one of the most challenging tax filing seasons in years, according to a person familiar with the plans.

Democratic senators want more money for the agency to help taxpayers.