The Latest Breaking News from IRS

Yellen announces US opposition to global wealth tax, despite support from Brazil, France, and others.

Many groups are piling into gold, including central banks and sovereign governments. Gold has also become very popular among individual Chinese investors and family offices that cater to the global rich. Most of these investors choose physical gold. That's what famed investor Michael Burry did. But instead of the GLD…

The IRS says it will bring Direct File back next tax season.

A 48-year-old IRS officer with the Income Tax Department lost ₹48,902 to an online reward points fraud.

MIT grads arrested for $25 million crypto heist in a novel scheme. Feds say it's the first of its kind and vow to crack down on crypto fraud.

Federal records show a dramatic spending increase that critics say is primarily intended to punish criticism of Israel and target pro-Palestinian groups

Not because of the viewpoints they express—but yes if they engage in systematic illegal conduct.

Sens. Todd Young and James Lankford will introduce a bill Tuesday that would increase penalties for revealing anonymous donor information.

The rules for how to handle an inherited IRA differ depending on the beneficiary, and you should also consider the tax implications of required minimum distributions (RMDs).