IRS

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.

The Internal Revenue Service told Congress this week that it needs extra cash to not only carry out its basic administrative duties, but also to implement the GOP’s sweeping tax reform package, opening a door for the agency to potentially start anew with Republicans in the wake of the infamous targeting scandal.

When new tax laws are passed, the agency needs to update forms, create new definitions, write regulations and field questions from taxpayers.

Lawmakers in high-tax states are looking for ways to circumvent the newly-imposed cap on the popular state and local tax (SALT) deductions that allow residents to save billions on their federal tax bills.

Two U.S. Democratic politicians asked a government watchdog on Monday to scrutinize implementation of President Trump's tax law, warning that the administration could use new tax guidelines to create the appearance of a large middle-class tax cut ahead of the 2018 mid-term elections.

Americans scrambling to prepay 2018 state and local taxes before year end may not get the federal deductions they hoped for, but that did not slow the rush on Thursday in some of the nation's highest-taxed municipalities.

Now that the GOP has passed its sweeping tax reform legislation, which is expected to alter tax rates for millions of Americans, it may not be too long before some employees see those changes reflected in their paychecks.

The estate tax affects a very small — and very wealthy — number of Americans.

Opinion: Who’s better -- H&R Block or an accountant? If you’re an accountant like me, my answer may surprise you.

A Maryland dairy farmer who had nearly $30,000 taken from him by the IRS more than four years ago will now be getting that money back.

When the tax man gets political, you know your democracy is being degraded. It’s happening now, at the IRS.

When the tax man gets political, you know your democracy is being degraded. It’s happening now, at the IRS.

IRS commissioner John Koskinen’s last day on the job is Thursday, but he appears to have decided to bestow one final gift on the business community on his way out.

IRS commissioner John Koskinen’s last day on the job is Thursday, but he appears to have decided to bestow one final gift on the business community on his way out.