To avoid a government shutdown, the IRS lost out on $20 billion in funding, limiting its ability to track down tax dodgers.

President-elect Donald Trump has called for yanking significant funds from the agency. So would that mean a “Wild West” for ...

Democrats broke the cycle with the 2022 Inflation Reduction Act signed by President Joe Biden. The law, which passed both the ...

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

While billionaires stash fortunes in offshore havens, the IRS is targeting gig workers who make a few bucks answering ...

Each Form 1099 is matched to your Social Security number, so the IRS can easily issue a tax bill if you fail to report one.

During last week’s negotiations to avert a government shutdown, Congress quietly slashed $20 billion from the Internal Revenue Service. Republicans have long targeted the tax agency, and their cuts ...

The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, ...

Elon Musk, the billionaire entrepreneur and owner of social media platform X, recently posted a tongue-in-cheek message ...

As the 2025 tax filing season nears, watch out for false tax information on social media targeting New Jersey residents.

The IRS has introduced temporary tax relief for cryptocurrency investors navigating the complexities of centralized exchanges ...