Treasury Department

The Treasury Department released its proposal regarding tax relief on tips, one of Donald Trump's key promises in the 2024 campaign, including new prohibitions.

The Internal Revenue Service, the Treasury and other parts of the government plan to phase out the use of paper checks for payments by the end of this month.

A group of mostly Democratic lawmakers sent a letter to Treasury Secretary Scott Bessent criticizing recent moves to ease the corporate alternative minimum tax for large corporations in two recent notices.

For a time earlier this year, Faulkender served as the acting commissioner of the Internal Revenue Service.

The Internal Revenue Service and the Treasury intend to issue proposed regulations involving the transfer of United States real property interests.

The U.S. Department of the Treasury issued a request for comment, required by the Guiding and Establishing National Innovation for US Stablecoins Act.

The Internal Revenue Service has acknowledged in a court filing that it is now sharing taxpayer data with Immigration and Customs Enforcement.

A Treasury Department decision due next week threatens to undermine the financial viability of hundreds of planned clean energy projects.

Even the wonkiest experts are struggling to keep up with the latest macroeconomic data. Here are the key factors to watch in the coming months.

The institute sent a letter to officials at the Treasury and the IRS asking for immediate guidance on a provision of the One Big Beautiful Bill Act for deducting R&D costs.

Billy Long explained his plans for the Internal Revenue Service and the new tax bill during his first public talk as IRS commissioner.

Staffing shortfalls and intricate new policies are complicating efforts at the Treasury and IRS to meet tight deadlines for churning out guidance on the tax bill.

The American Institute of CPAs hopes to smooth the Trump administration's move away from paper tax refunds at the Internal Revenue Service.

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.