IRS

M.Y. Safra Bank must produce information to the Internal Revenue Service about customers who may have failed to pay taxes on cryptocurrency transactions through prime dealer SFOX Inc., a U.S. judge ruled.

A provision in the Tax Cuts and Jobs Act that was supposed to raise hundreds of billions of dollars in taxes on deferred earnings from multinationals is only bringing in about one-third of the projected revenue.

New York Attorney General Letitia James filed a sweeping lawsuit accusing Trump of inflating his asset values by billions of dollars to obtain favorable loan terms and other financial benefits.

Federal investigators are uncovering billions of dollars in fraud tied to pandemic relief programs.

Continuing delays in management actions are contributing to the backlogs of millions of unprocessed tax returns and tax transcript requests.

The Electronic Tax Administration Advisory Committee added eight new expert voices.

In many cases, those impacted by the hurricane will have until Feb. 15 to file.

The service published updated information about the credit after a scathing investigative report about how the longtime tax credit is being abused.

Remembering a reform expert; more suggestions for IRS improvement; fluffy nonsense; and other highlights from our favorite tax bloggers.

A system that Congress mandated allowing federal contractors to self-certify they don't owe a significant amount of taxes is enabling many of them to score lucrative contracts while still owing plenty.