Liberty Tax Service has closed 28 of its franchised locations in the New York City area, instructing them to cease preparing and filing tax returns for the remainder of the 2015 tax filing season.

The Senate Finance Committee has dropped a provision for regulating tax preparers from legislation that would curb identity theft and tax fraud.

This probably will beggar belief for the millions of Americans struggling to meet this year's April 18 deadline to file their income tax returns, but the Internal Revenue Service says it has gotten better at handling taxpayer questions.

Group of 20 economies threatened to penalize havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion.

The Internal Revenue Service is warning tax professionals about a new scam in which cybercriminals obtain remote control of tax preparers’ computer systems, complete and file client tax returns, and redirect tax refunds to thieves’ accounts.

Vermont Senator Bernie Sanders and his wife earned $205,271 in adjusted gross income in 2014 and paid $27,653 in taxes—an effective rate of about 13.5 percent, according to documents released Friday.

President Barack Obama and his wife, Michelle, reported adjusted gross income of $436,065 for 2015, down 8.7 percent from the previous year, according to tax returns released Friday by the White House.