Tax

The service is outmatched in resources and expertise when it audits some of the largest companies in the country, the agency’s top official said.

Additional reasons for uncertainty in 2022 include surging inflation, interest rate increases, war in Europe, global minimum taxes and the continuing pandemic adding to worries.

The service has added more forms, publications and other information in Spanish Braille and other languages.

The European Union failed to quickly agree on how to implement a global minimum tax for corporations after concessions proposed by France failed to win over reluctant countries.

A state reinterpretation of an old law could mean a new tax liability for businesses that have sold remotely into the Golden State.

Too many letters; IRS funding, finally; pruning; and other highlights from our favorite tax bloggers.

A bipartisan group of 100 lawmakers in the House and Senate wrote a letter to IRS Commissioner Charles Rettig asking him to provide further relief to taxpayers who have been receiving warning notices from the IRS this tax season.

Think you pay too much in taxes? You probably do, if you are like the 46% of Americans who say they’re looking to get a refund check from the IRS this year.

Several states have taken steps to temporarily roll back their gasoline taxes, a move the Biden administration is considering backing on the federal level.

The bull market has made many wealthy clients overweight in single stocks. Here’s what they can do to diversify their retirement nest eggs and cut taxes.