Taxes

The IRS promised to crack down on the tax gap by enhancing enforcement of wealthy Americans and major corporations with its $80 billion funding boost.

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.

The Internal Revenue Service has issued a series of filing extensions for taxpayers in areas spanning several states that have been impacted by recent storms.

The IRS will soon release its spending plan for the $80 billion in funding it received last year as part of President Biden's Inflation Reduction Act.

Tax pros say the end of federal COVID-19 stimulus money is prompting many Americans to file income tax extensions instead of rushing to file their Form 1040s with the IRS.

The Justice Department sued and offered a settlement with Activision Blizzard on Monday over the company's previous plans to impose salary limits on esports players.

All taxpayers should keep detailed records of their tax filings to avoid the headaches associated with audits from the Internal Revenue Service.

The Internal Revenue Service has delivered roughly 53 million tax refunds so far this year, but many taxpayers could be disappointed by the smaller amount.

Accounting and auditing job salaries are rising at their quicker pace in years to accommodate national shortage of employees in the accounting industry.

The clock is ticking for those who own homes in Los Angeles that they are trying to sell for more than $5 million. The city's "mansion tax" takes effect April 1.

Credit Suisse accused of concealing over $700M from government amid rescue takeover from rival UBS and helping rich Americans evade taxes.

Small businesses and self-employed contractors must pay taxes based on different factors, including their business structure and location.

The history of income tax in the United States dates back to the Civil War and is one of the most important avenues of revenue for the federal government.