Tax

The Treasury Department, based on fresh tax revenue data, is set to release an updated estimate of the "X date" when the U.S. can no longer meet its obligations.

The Treasury Inspector General for Tax Administration said $1.2 million in IT products bought by the IRS were not properly approved.

Applications to join IRSAC next January will be accepted through May 31.

Many advisors have clients who took out the forgivable loans. Some wealth management firms did the same. Three years after the government doled out more than $800 billion in mostly-free cash, here's what's happening.

The service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin as legal tender.

From a bag of used clothing to artwork worth millions, donations can get a tax deduction — the complications arise when dealing with substantiation requirements. 

The worst five states had an average effective total tax rate on the median U.S. household of 14.31%.

An alleged effort by the auction house to help art collectors avoid paying sales tax on purchases was "far more extensive ... than previously known."

Companies (and accounting firms!) looking for buyers should keep these documents handy.

House GOP leaders also called for the Justice Department to investigate allegations by an IRS whistleblower involving Hunter Biden.