Tax evasion – involving nonpayment or underpayment of tax obligations – can result in jail time for a select few negligent taxpayers.
The IRS estimated it failed to collect $380 billion in taxes per year, between 2011 and 2013. Using those figures, and accounting for inflation and income growth, Summers and Sarin estimated the IRS would not collect nearly 15 percent of total tax liabilities in 2020 alone — or $630 billion.
Here’s how much you can contribute to your retirement plans.
A look at the new rates that will affect returns taxpayers typically file beginning in 2021.
Fraudsters stole more than $1 billion from Americans in 2018.
The IRS issued guidance blocking a SALT workaround in June.
The Free File program, however, is in need of no major changes.
President Trump is going to sign two executive orders with the hope to cut red tape for taxpayers and small businesses.
The tax agency said it needs more funds from Congress in order to boost audits of wealthier taxpayers.
More Americans have said they think it is okay to cheat a bit on their taxes.
The IRS will never send you any unsolicited email or email you about the status of your tax refund.
Robby Hayes from the season 12 of “The Bachelorette” is reportedly working with the FBI in a sexortion case against Todd Chrisley, who stands accused of trying to extort his own daughter over his own tax evasion issues.
President Trump says he'd like to see a cut in the Fed rate as well as a payroll tax cut.
Democratic lawmakers have been ramping up calls on the campaign trail for corporations to pay their fair share.
Even those who did not claim an available waiver will not be subject to a penalty.
A breathing problem led the 87-year-old singer to cancel the next 6 stops on his tour. But he won’t give up the hustle. One look at his career and it’s easy to see why.
Failure to comply could result in audits and even criminal investigations, the agency said.
Taxpayers might be able to save on a portion of the company's medical testing services.
Some Democratic leaders believe the tax provision was politically motivated.
The IRS says it has made “major progress” against identity theft in tax returns, but evolving tactics still threaten taxpayers’ sensitive data.