IRS

The former bankers have told criminal investigators the bank is still helping U.S. clients hide accounts, even after paying $2.6 billion in penalties and promising to stop the practice.

U.S. legislation designed to protect trillions in assets from chaos when global regulators phase out the interest-rate benchmark Libor is being held up in the House.

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.

The service seized $3.5 billion worth of cryptocurrencies during fiscal 2021, according to an IRS criminal investigation annual report

A bipartisan group of lawmakers wants to alter who counts as brokers of crypto assets, less than a week after the current designation became law.

The advisory group’s annual report supports the IRS’s 2022 budget request.

The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help them with their tax debts while charging exorbitant fees and making outrageous claims.

The Internal Revenue Service is strengthening the identity verification and sign-in process for its online self-help tools after a number of high-profile data breaches.

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers.

The service has increased the number of transcripts that tax professionals can order per client to 30, up from 10 previously.