Donald Trump

Former Treasury Secretary Lawrence Summers said the Trump administration's moves to downsize the IRS are likely to incentivize reduced tax-payment compliance.

The university sued several U.S. agencies and top officials for freezing billions of dollars in federal funding and threatening its tax-exempt status.

Studies on the "buy, borrow and die" strategy and state-level taxes reveal the complexities involved with extending the Tax Cuts and Jobs Act by the end of 2025.

White House officials are preparing executive orders that would strip some environmental nonprofits of their tax-exempt status.

Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, to lead the IRS, after Gary Shapley had been installed without Bessent's knowledge.

The university pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status.

Harvard's tax-exempt status affords the school a variety of benefits, such as not having to pay traditional property taxes on educational buildings.

The highest average tax rate on imports in more than a century could raise prices and stunt economic growth.

The legislation blocks a rule that would have forced some cryptocurrency brokers to provide tax information on transactions on their platforms.

President Trump' and congressional leaders successfully corralled House Republican lawmakers to approve a Senate-passed budget outline.

The first wave of layoffs and others in the works will reduce enforcement. But the smaller ranks will still carry out "a rather grueling examination," an expert says.

President Trump's so-called reciprocal tariffs are dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.

President Donald Trump rejected a European Union proposal to drop tariffs on all bilateral trade in industrial goods with the U.S.

The National Treasury Employees Union asked a judge for emergency relief to preserve collective bargaining rights in response to a Trump executive order.

Financial advisors have the opportunity to spur important discussions and bring peace of mind to the uncertainty around the Tax Cuts and Jobs Act, an expert said.

President Trump's imposition of steep tariffs on countries around the world is likely to drive demand for accounting experts and consultants.

Trump told reporters he plans to launch reciprocal tariffs with "all countries," countering speculation he could limit the initial scope.

In a late night Truth Social post, Trump said large-scale tariffs "far larger than currently planned" would be placed on them in such a scenario.

The stopgap funding bill paves the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.

The meeting, scheduled for Thursday at the White House, will be the first sit-down between the Senate tax panel and Trump since he took office again.