The Trump administration is looking to both eliminate a burdensome compliance requirement and protect taxpayer privacy.
The IRS began notifying the State Department in February about individuals who have “seriously delinquent” tax debts in excess of $51,000.
The form is less than one page, but may require additional documents.
U.S. Treasury Secretary Steven Mnuchin said the Internal Revenue Service will be ready to unveil new tax forms next week.
Taxpayers are ultimately beholden to federal law when it comes to the characterization of their tax payments, according to the IRS and Treasury Department
The 35-year-old former executive is currently serving a seven-year prison sentence at a federal prison in Fort Dix, New Jersey.
On one of the busiest tax days of the year, IRS software failures highlight a desperate need for the agency to modernize its systems.
Center for Freedom and Prosperity Chairman Dan Mitchell on the IRS and the growing risks from states' mounting unfunded pension liabilities.
April 18 is the new deadline for filing.
Here’s a look at your chances of being audited.
Experts urge individuals to check their withholding amounts under the new code.
Tax regulation should be overseen by the OMB and Treasury.
The Internal Revenue Service (IRS) issued a warning to taxpayers this week to beware of “erroneous refunds.”
Fox News senior judicial analyst Judge Andrew Napolitano on employers pushing back against IRS over the ObamaCare employer mandate.
FBN's Cheryl Casone on the IRS's warning about a rapidly growing refund scam.
The move follows a pair of executive orders issued by the president last year. Some of the regulations have been outdated for decades.
President Donald Trump will nominate Charles Rettig, a California tax attorney, to lead the Internal Revenue Service (IRS) as it implements the Republican tax cuts.
Republicans are currently weighing the best ways to devote more resources to the Internal Revenue Service (IRS) after years of budget cuts at the agency, but that doesn’t necessarily mean the number of audits are set to increase, experts say.
Beginning in February, Americans can expect to see tax reform changes reflected in their paychecks, however, the new system could leave more room for miscalculation where withholding amounts are concerned.
The Internal Revenue Service and U.S. Treasury Department released new withholding guidance on Thursday, indicating that employees should see the tax reform changes reflected in their paychecks by next month.