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The Internal Revenue Service appointed Lia Colbert as the new commissioner of its Small Business Self-Employed Division to oversee the IRS’s collection activities and the examinations of most businesses in the U.S.

Musk is using a strategy favored by many billionaires — borrowing against highly appreciated stock to get cash without having to sell.

The West Virginia Democrat said he is open to using the fast-track budget process to ram corporate and individual tax increases through the Senate.

A judge ruled that Donald Trump is in contempt of court for failing to turn over records in New York’s probe into asset valuations at his real estate company.

Client surveys are an effective method to find out what clients are thinking and also give some the opportunity to vent about what displeases them.

Florida Governor Ron DeSantis is keeping his hands off hundreds of millions of dollars in tax breaks recently lavished on the entertainment giant.

“IRS employees want to do more to help taxpayers,” Commissioner Rettig told Congress on Thursday.

After championing a major expansion in federal aid, the president is now putting the budget deficit back in the spotlight.

The move would eliminate the company’s access to cheaper tax-exempt financing through the special district.

Legislators want to know how much Intuit makes off of low- and middle-income filers, and how many Intuit employees previously worked for federal agencies.

Tax season ends today and some of you can rest well tomorrow after concluding a successful tax season. However, some of you won’t be resting easy because you had a lousy tax season.

The First Couple reported $610,702 in income in 2021 and paid $183,925 in federal and state income taxes, according to their annual tax return released Friday by the White House.

Elizabeth Warren and Judy Chu want to know why those making less than $25,000 are audited more often than those making more than $200,000.

U.S. consumer prices rose in March by the most since late 1981, reinforcing pressure on the Fed to raise interest rates even more aggressively.

The service has been under pressure from Congress and accounting groups to perform better as another hectic tax season comes to a close.

The last week of the “official” tax season is starting right now. Here are some things I did to lighten the mental load.

Treasury Secretary Yellen is counting on the support of corporate America for the deal to win passage in Congress — a crucial step for its worldwide success.

The IRS has the expertise to enforce President Joe Biden’s proposal to tax the unrealized gains of mega-millionaires and billionaires, Senator Elizabeth Warren contended in the face of criticism over the workability of a proposal she strongly supports.

The Treasury secretary said a digital dollar would take years to develop if the U.S. decides to proceed with one, underscoring a deliberate approach by policymakers.

The legislation would cause sanctioned Russian oligarchs and American companies that pay taxes to Moscow to lose some of their U.S. tax benefits.