Tax

An anonymous tipster helped the agency catch more than 100 high net worth individuals who paid a combined $71 million in previously avoided taxes.

The case coming before the Supreme Court stems from a 2017 tax law provision that aimed to tax earnings held overseas by big multinational companies.

The five S&P 100 companies with the highest overall tax rates paid an average of 43.32% in 2022.

The IRS's Western Cyber Crimes Unit played a major role in the case, which was recently settled for over $4 billion.

The guidelines set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.

A group of Senate Democrats and independents introduced legislation Thursday to eliminate loopholes and tax breaks for billionaires.

A dim bulb; morally bankrupt; 1st to jail; and other highlights of recent tax cases.

The service is warning taxpayers to be on the lookout for charity fraud as accountants look to advise clients on how to detect and avoid fraud.

The company has added outsourced tax and advisory services for CPA firms as part of the renaming.

The Biden administration has discussed granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit, a Michigan senator said Tuesday.