Tax

A complicated kind of debt deal is ­electrifying the muni market these days: prepaid energy bonds.

The Internal Revenue Service posted a contingency plan Friday indicating that it would be able to operate until Feb. 7, 2026, while keeping all 74,942 employees working. 

The former ambassador forwarded internal emails about tax policy proposals to Jeffrey Epstein while a member of former prime minister Gordon Brown's cabinet.

The draft legislation seeks to introduce a levy of up to 3% on digital platforms that sell advertising, process user data or enable online sales.

Lawmakers are demanding answers about the sharing of taxpayer information with the Department of Homeland Security and Immigration and Customs Enforcement.

President Trump and Senate Democrats reached a tentative deal to avert a disruptive government shutdown as the White House continues to negotiate with Democrats.

The lawsuit by a sitting president against the government he leads puts Trump in a highly unusual position in the case.

The White House Council of Economic Advisers released a research study analyzing the economic impact of state income tax elimination.

The American Institute of CPAs is asking for a contingency plan that keeps 100% of IRS employees on the job in case of a shutdown during tax season.

Taxpayers could face long waits for IRS responses to questions on a slew of complicated new tax changes this filing season.

The accounts give wealthy investors more opportunities to place alternative vehicles in a tax-advantaged retirement nest egg. But mistakes can be costly.

National Taxpayer Advocate Erin Collins warned in her annual report to Congress that this tax season is likely to bring bigger challenges for taxpayers who encounter problems with the Internal Revenue Service.

Taxes are heavily context dependent, complex and require precise calculations. The consequences of getting them wrong are significant.

The New York City mayor is amping up pressure on Governor Kathy Hochul to hike taxes for the richest residents and corporations.

The Internal Revenue Service posted a fact sheet about its move away from paper checks to electronic payments for taxes and tax refunds.

A group of Senate Democrats and the Treasury Inspector General for Tax Administration are raising questions about the impact of IRS funding cuts.

Missed IRA RMDs can cost clients thousands, Vanguard research shows. But financial advisors can help erase tax penalties and avoid future ones with a few key strategies.

The announcement adds a prominent voice to a debate that has divided top Democrats and rattled Silicon Valley's elite.

The IRS issued a notice extending the deadline for making certain amendments to IRAs, SEP arrangements and SIMPLE IRA plans until Dec. 31, 2027.

The IRS offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay tax debts.