Tax

GOP members of Congress are demanding answers from the service about the backlog in processing claims for the credit, only weeks after the IRS imposed a moratorium.

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

Affected individuals and businesses now have until Feb. 15 next year to file various federal tax returns and make tax payments.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.

An IRS consultant allegedly leaked confidential tax information on former President Donald Trump and billionaires to The New York Times and ProPublica.

Spain alleges that the Queen of Latin music owes $7.1 million for 2018.

The service is allowing practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.

The service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.

The former vice president said his former running mate's proposal for a 10% universal tariff would cost U.S. jobs and worsen inflation for American families.