Treasury Department

The Internal Revenue Service issued a notice on Friday excluding from gross income the value of any tribal general welfare benefit.

The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

Understanding these updates is critical in guiding the tens of millions of LLCs, closely held businesses, and other small-business clients through the complexities of beneficial ownership compliance.

In the first half year of Inflation Reduction Act-funded enforcement, the Internal Revenue Service has recovered over $1.3 billion.

The state of Maryland has become the latest to sign up for the IRS Direct File program for filing season 2025, offering residents a free way to file their taxes.

Investments in solar installations made are expected to fund the generation of close to 2 billion kilowatt hours of clean electricity each year in underserved places.

The Keystone State will become the 15th to join the IRS's free tax program next filing season.

The Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.

The Treasury and the Internal Revenue Service issued final regulations on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions.

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.