Tax

"Our budget request provides steady-state operational funding," Yellen said. "It will complement the one-time, long-term investment in the IRS."

The Internal Revenue Service updated its frequently asked questions about the information return for reporting transactions involving payment cards and third-party networks.

Just two issues accounted for almost a third of all cases where people sought assistance from the Taxpayer Advocate Service.

Evaporation of banks; slow filers; crypto and normal taxes; and other highlights from our favorite tax bloggers.

The proposed regs cover the advanced manufacturing credit in the CHIPS Act of 2022 to spur development of the U.S. semiconductor industry.

The administration is preparing to decide how much American-made equipment must be used in renewable projects.

In an unusual move, CPA Fiona Ma has urged the state supreme court to take up the case.

The service issued preliminary guidance and intends to issue more detailed guidance soon on the tax treatment of nonfungible tokens.

Texas-based Sage Investigations digs deeper to help clients find and expose fraud, embezzlement, theft — and worse.

The organization is making plans for easing multinational companies and government tax authorities into its Pillar Two requirements.