Person Root Tag

Rich Americans are hiding "vast amounts of income" from the Internal Revenue Service by exploiting a "deeply troubling" loophole in FATCA, according to a Senate report.

The agency has become a target of GOP lawmakers in recent weeks after President Biden signed a new spending law with funding for tax enforcement, technology upgrades and taxpayer service.

Michael Cohen, who was sentenced to three years in prison for violating campaign-finance laws for the former president, criticized New York prosecutors for their leniency with a former colleague.

Allen Weisselberg's plea is the latest blow to former President Donald Trump.

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

The strategic plan will provide a roadmap for what has been the largest dedicated funding stream provided to the IRS in decades.

A number of sustainable investing champions say it's time for the "ESG" label to be shelved and replaced by something less likely to draw attacks from both the political right and left.

One of the world's richest men felt he had to give one of the nation's most powerful lawmakers a little pep talk.

The moment Biden signed the bill was effectively the starting gun for a race to write new policies to implement its clean energy tax credits, climate programs and environmental mandates.

Weisselberg and the Trump Organization were accused of conspiring to avoid income taxes by giving some employees perks that weren't reported to state tax authorities.

Dozens of congressional Republicans and Democrats made the demands in a letter to the Internal Revenue Service.

Private placement life insurance, or PPLI, is a decades-old strategy that has been gaining popularity among the super-wealthy as a way to protect their fortunes from income and estate taxes.

The president is expected to sign the bill this week but hold a celebration in Washington on Sept. 6, after lawmakers have returned from their summer recess.

The defendants argued that state prosecutors had no authority to bring charges for alleged avoidance of federal income tax and suggested that some of the perks could be characterized as "gifts."

Donald Trump is taking the Fifth as he sits for a deposition on a probe into potentially fraudulent valuations.

The U.S. Court of Appeals for the District of Columbia Circuit rejected Trump's appeal of a lower court's ruling.

There will be fewer future buyers of practices, leaving the next generation of solos who want to retire perhaps unable to find a suitable buyer.

President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats' economic agenda is hurtling toward enactment.

The legislation aims to prevent large corporations from exploiting tax breaks to pay little if any tax, and it would allow Medicare to negotiate drug prices for the first time.

A top Democrat pushing for a new minimum tax on companies invoked fresh data showing more than 100 profitable U.S. corporations paying an average tax rate of just 1.1% as a showcase for the initiative.