Treasury Department

A deal with G-7 allies will exclude U.S. companies from some taxes imposed by other countries in exchange for removing Section 899 from Trump's tax bill.

The development could bring great relief to Wall Street investors worried about punitive tax measures on foreigners.

A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.

Treasury Secretary Scott Bessent said the European Union has some "internal matters" like the DST to sort out before the bloc can enter into trade negotiations.

The Treasury secretary touted some of President Trump's campaign proposals, including not taxing tips, Social Security or overtime.

Tax collections are confirming Wall Street forecasts that the U.S. government will not exhaust its borrowing capacity until later this year.

Gary Shapley, who was named only days ago as acting commissioner, was removed by President Trump and replaced by Deputy Treasury Secretary Michael Faulkender.

The former special agent in the Criminal Investigation division who probed Hunter Biden's taxes is expected to head the IRS.

Republicans in the White House, Senate and House are drafting analyses on how best to craft a new tax bracket for the wealthiest Americans.

The Treasury Secretary said the administration and the GOP are looking at a range of ways to help pay for President Trump's tax agenda, including extending his 2017 tax cuts.