Taxes

House Speaker Paul Ryan has been telling colleagues that the White House plan to cut the corporate tax rate to 15 percent from its current rate of 35 percent is not practicable, FOX Business has learned.

Congressional Republicans are ramping up discussions on overhauling the U.S. tax code that a prominent Republican anti-tax advocate said on Wednesday will produce a bill by September that will include a hefty corporate tax cut.

President Donald Trump signaled his next priority: overhauling the tax code to push corporate rates down and give middle-class taxpayers a break.

The IRS says it is seeing a big drop in the number of tax refunds being stolen by identity thieves after the agency teamed up with tax preparers to fight the problem.

With auto sales still going strong and cheap gasoline encouraging drivers to hit the road, tire maker Michelin is hiring in the U.S.

IRS Commissioner Josh Koskinen said Tuesday that the number of individuals reporting identity theft has sharply declined in 2017, but added that businesses should remain wary of cyber-criminals.

Concerns are increasing among lawmakers and others in Wisconsin over what incentives the state may offer to become the first U.S. home of Taiwanese electronics giant Foxconn.

One of the biggest insurers in the Affordable Care Act's marketplaces is warning the federal government that it must preserve cost-sharing payments for low-income customers to avoid hurting millions of people.

Office of Management and Budget Director Mick Mulvaney on Monday said health care reform must happen before September and he expects tax cuts to pass within the year.