Tax

The senator is proposing to nearly triple the IRS’s budget to help identify wealthy individuals who are evading taxes.

The Biden administration proposal contains many, but not all, of the tax provisions the president campaigned on.

The Internal Revenue Service has been pilot testing new technology allowing for secure tax transcript retrieval that can integrate with an accounting firm’s practice management system.

The service plans to host its tax forums online again this summer starting July 20.

Avalara Content Generation for POS is designed to improve tax compliance and the customer experience.

The first challenge for the new chief executive officer of Binance.US: combat the perception that his company is simply a stand-in for a sister crypto firm that’s under investigation by the IRS and the DOJ.

Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress.

A U.S. proposal for a global minimum corporate tax of at least 15% met with an enthusiastic reception in Europe, bringing the world closer to a deal on sweeping changes to how much multinationals pay, and to which governments.

Treasury Secretary Janet Yellen’s team has proposed a 15% global minimum corporate tax in international negotiations aimed at ending competition to lure companies through cheap rates, which then end up eroding government revenues.

The U.S. Treasury Department estimated that wealthy taxpayers as a group are hiding billions of dollars of income, a conclusion that aims to bolster the Biden administration’s call for Congress to approve expanded IRS funding and broad new financial-transaction reporting requirements.