Trump's remarks are likely to pour cold water on discussions about creating a new 40% tax bracket for people earning $1 million or more.

Paul Atkins was sworn in as the new chair of the Securities and Exchange Commission and is expected to bring a more deregulatory and crypto-friendly approach.

In its first multiyear operating plan, the IRS Whistleblower Office laid out its priorities.

The Budget Lab at Yale projects that taxing income over $1 million at a 40% rate would generate $420 billion over a decade.

The Treasury and IRS plan to withdraw regulations that labeled basis-shifting transactions among partnerships and related parties as "transactions of interest."

President Donald Trump is considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.

Congress will be drafting its multitrillion tax cut proposal in the coming weeks, almost certainly reflecting the priorities of a small minority of constituents.

Republicans in the White House, Senate and House are drafting analyses on how best to craft a new tax bracket for the wealthiest Americans.

The IRS has extended the deadline for reporting income paid to non-resident aliens, foreign corporations, and other foreign entities.

The Internal Revenue Service issued a notice giving some breathing room to those involved with micro-captive insurance companies.