Tax

The plunging value of many cryptocurrencies and nonfungible tokens has led to worries about the tax implications faced by crypto investors and companies.

The service posted the new deputy chief taxpayer experience officer position on a federal jobs site, and announced plans to hire thousands of contact reps this summer.

The service is taking steps to increase its audit rates of higher-income taxpayers after coming under sharp criticism in Congress over its lagging audit numbers.

A federal appeals court has affirmed a district court’s decision that gave priority to an Internal Revenue Service levy on a decedent’s estate over the decedent’s children’s rights under Louisiana law.

Investors in digital assets have been pummeled recently by the longest losing streak since 2011, but if they act promptly, they can cut their tax bills.

The new law requires digital apps and online marketplaces to send a tax form to both the IRS and a recipient who receives $600 or more a year in online payments.

End of some long roads; just can’t quit; what a pain; and other highlights of recent tax cases.

The service has updated its FAQ on the 2021 Earned Income Tax Credit, with new information on using prior tax years to calculate it.

A group of finance leaders are coping with a steady stream of economic disruptions this year and they’re planning ahead for tax hikes and more.

The Internal Revenue Service introduced a new feature that enables taxpayers to check the status of their current tax year and tax refunds for the two previous years as the agency continues to come under fire for processing backlogs.