Tax

Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve their questions ahead of filing, according to a new report.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.

A handful of Illinois politicians are once again eyeing a new tax on the highest earners.

The Georgia accountants were sentenced to periods of supervised release and have to pay millions in restitution.

The number of taxpayers filing individual income tax returns is projected to increase by about 10,000,000 over the next eight years.

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.

What looks like a domestic triumph is also a win for America's primary industrial and geopolitical rival.

Taiwan's firms see high U.S. taxes as a major impediment to additional investment in America.

The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.