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

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.

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

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

The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.

Former President Donald Trump is reportedly preparing an aggressive overhaul of corporate tax audits as part of his 2025 ...

In Gene Blalock’s holiday short, The Tax Claus, two IRS agents are on the road about to surprise a particular North Pole ...

Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality. It’s their second successful cut from President ...

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

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

WASHINGTON -- Congress stripped the IRS of an additional $20 billion last week when averting the government shutdown. Originally, congressional Democrats had given the IRS $80 billion in the 2022 ...

U.S. lawmakers weren’t in a giving mood toward the taxman as they passed a bill over the weekend to avert a government shutdown before the holidays. Over $20 billion meant to strengthen the ...