Treasury Department

The Internal Revenue Service needs to do a better job of managing its employees in the wake of budget cuts that have forced the IRS to severely reduce tax audits, or else it could be putting its mission at risk, according to a new report from the Government Accountability Office.

The U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.

The Internal Revenue Service is working on a new study analyzing the 62-year-old rules for corporate spinoffs.

The Treasury Department finalized the repeal Thursday of 296 obsolete or duplicative tax regulations in response to President Trump’s executive orders.

The head of the Taxpayer Advocate Service at the IRS for 18 years will be retiring at the end of July.

A letter from a senior official to Senate Democrats throws cold water on any extra relief for taxpayers.

Average tax refunds are down so far in the first filing season under President Trump’s tax overhaul, prompting the Treasury Department to caution that the data contain aberrations and could be misleading.

The Institute has some recommendations about ways to improve the proposed regulations for implementing limitations under the Tax Cuts and Jobs Act.

The Treasury Department is defending the declining numbers of tax refunds, saying taxpayers already saw the benefits of the new tax law in their paychecks.

The Treasury and the IRS have offered a method to keep up with changes made by the Tax Cuts and Jobs Act.

Right or wrong, the drop in expected refunds is creating fear and anger in accountants’ waiting rooms.

The American Institute of CPAs is asking the IRS and the Treasury for additional relief for taxpayers who didn't adjust their withholdings last year for the Tax Cuts and Jobs Act.

The American Institute of CPAs sent a letter to officials at the IRS and the Treasury, a day before President Trump announced a temporary deal.

As the U.S. government shutdown continues, one potential consequence of it threatens to disrupt the supply of T-bills.

Lawmakers want to know how the longest government shutdown in history will affect one of the most critical tax filing seasons. But it’s unlikely they’re going to get any answers this week.

Thousands of Internal Revenue Service employees are being ordered back to work, without pay, only so President Trump can avoid the political embarrassment of delayed tax refunds, a federal workers’ union claimed.

Taxpayers who miscalculated how much they’ll owe the Internal Revenue Service this year won’t get hit with penalties — up to a certain point.

Americans may get their refunds during the shutdown, but the upcoming filing season is likely to be one of the rockiest in decades.

The Treasury released a revised shutdown contingency plan that recalls more than 46,000 agency employees.

Obamacare coverage could fall prey to the shutdown, lawmakers caution.