Steven Mnuchin

The administration is also planning $1,000+ stimulus checks.

The Treasury Secretary is expected to seek a third round of coronavirus-related economic stimulus, including postponing the due date for quarterly tax payments.

The U.S. Treasury will be able to support smaller businesses impacted by the coronavirus through an economic relief plan that the House passed late Friday, Treasury Secretary Steven Mnuchin said in a statement.

The U.S. Treasury Department is considering extending the 2019 tax-filing deadline beyond April 15 to provide relief from economic disruption caused by the coronavirus outbreak, according to two people familiar with the matter.

Erin Collins, who formerly worked at KPMG and the IRS, will lead the Taxpayer Advocate Service.

European finance chiefs arrived at a meeting of their global peers in Riyadh demanding the urgent creation of a new global tax system for the 21st century that would capture the profits of tech multinationals. U.S. Treasury Secretary Steven Mnuchin responded: it’s not that simple.

U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant.

The U.S. and Europe are making progress toward a global pact on the taxation of digital services, with France’s finance minister, Bruno Le Maire, saying on Thursday that American officials agreed on a blueprint for negotiations.

Even as France indicated a willingness to postpone a disputed tax on technology companies, U.S. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on automobile imports if the issue isn’t resolved.

France and the U.S. will seek a compromise on the taxation of digital services over the next two weeks in an effort to avoid an escalation in the transatlantic trade dispute.

The new regs clarify what property and businesses will qualify for the tax break.

The U.S. Treasury Department plans to pare back regulations championed by President Barack Obama that were intended to prevent American companies from moving profits offshore to avoid taxes.

The Internal Revenue Service and the Treasury Department released a draft version of a proposed tax form to collect information about qualified opportunity zones.

Treasury Secretary Steven Mnuchin said he had no knowledge that his long-time friend and billionaire Michael Milken would benefit from a tax break his agency approved last year for a property in Nevada.

The Treasury Department and IRS issued proposed regulations to help taxpayers avoid negative tax consequences in the transition away from the London Interbank Offered Rate and other interbank rates to newer reference rates.

They say the political process is more appropriate than the courts.

The president spoke a day after deciding against cutting the tax on capital gains by indexing gains to inflation.

The administration claims the Committee on Ways and Means — controlled by Democrats — is improperly attempting to enlist the judiciary in its fight with the Executive Branch.

The protocols represent the first updates to U.S. tax treaties in nearly a decade.

The move would slash the tax payable on any asset that’s appreciated in value over a lengthy period of time.