Treasury Department

Janet Yellen has one of the biggest to-do lists in Washington: usher in a global tax overhaul, press Wall Street on climate change and distribute billions of dollars in COVID relief.

A new government report says more funding for the IRS is the solution to the tax gap.

Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan.

The Justice Department directed the Treasury Department to hand over former President Donald Trump’s tax returns to Congress, a move that means six years of Trump’s personal and business financial information could become public.

Employers can claim tax credits equivalent to the wages paid for providing paid time-off to employees to take a family or household member or certain other individuals to get vaccinated for COVID-19.

Former Treasury officials say both parties should agree to increase money for the agency.

The IRS and the Treasury started disbursing advance monthly payments Thursday of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.

The guidance gives renewable energy companies more time to develop projects that were delayed by COVID-19.

The Internal Revenue Service and the Treasury Department introduced an online tool that enables families to register for monthly payments of the expanded Child Tax Credit.

A GAO report finds that the regulations were burdensome for multinational companies, even though they saved through lower tax rates.