Scott Bessent

Trump's aides are discussing making the Treasury chief the top White House economic advisor, in addition to his current job, plus acting IRS commissioner.

President Trump's idea of mailing $2,000 "dividend" payments from tariffs to citizens marks a throwback to the stimulus checks distributed during COVID.

The Treasury Secretary said he hadn't spoken to the president about this idea but "the $2,000 dividend could come in lots of forms, in lots of ways.

Among the targets of the audit is a business development program designed to serve socially or economically disadvantaged individuals.

Democrats are asking TIGTA to investigate reports that the administration plans to have the Internal Revenue Service target left-leaning nonprofits and donors.

Sens. Ron Wyden, Chuck Schumer and Elizabeth Warren want to know how Frank Bisignano can simultaneously run the IRS and the Social Security Administration.

A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.

Treasury Secretary Scott Bessent said the European Union has some "internal matters" like the DST to sort out before the bloc can enter into trade negotiations.

The Treasury secretary touted some of President Trump's campaign proposals, including not taxing tips, Social Security or overtime.

President Trump suggested his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year.

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

Gary Shapley, who was named only days ago as acting commissioner, was removed by President Trump and replaced by Deputy Treasury Secretary Michael Faulkender.

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

The Treasury Department limited the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies.

The Treasury named a pair of IRS agents as special advisors to Treasury Secretary Scott Bessent, and plans key roles for them at the IRS.

Treasury Secretary Scott Bessent and congressional leaders will begin meeting weekly as Republicans look to shape a tax cut package with a year-end deadline.

The Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.

The Treasury Secretary said one person at the Internal Revenue Service "is looking at an outdated IT system, that's all they're doing."

Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.

Bessent said the Internal Revenue Service would be largely spared from DOGE's cost-cutting — at least until after the April 15 filing deadline.