The Latest Breaking News from IRS

IRS advised to re-establish its office for decommissioning outdated IT systems.

Exempting tips from the federal income tax would add to the deficit and unfairly penalize nontipped workers. It's a bad idea no matter who is pitching it.

As the No Tax on Tips Act gains momentum, economists warn of potential pitfalls. Will not taxing tips help or hurt workers?

The beverage company has been in a long-drawn dispute with tax authorities in the U.S. over a $16 billion charge that it could possibly owe.

In human existence, there are a couple of fundamental things that we can’t choose. Not only can we not choose our genetics, birthplace, and environment from the get-go, but our names are typically given by our parents too. Fortunately, at least changing one’s name is possible. Although it’s quite a…

Gov. Tim Walz, the vice presidential candidate, told Republicans to "mind your own damn business" about abortion policy. Perhaps they should apply that concept further.

IRS employees are required to pay their taxes on time, but thousands slipped through the cracks.

Are 401(k) plans really worth it? Here's how they work and the five advantages of owning a plan. Your older self will thank you for investing in one.

Millionaires often leverage provisions like backdoor Roth IRAs, 1031 exchanges, and business asset depreciation to reduce tax liabilities and preserve capital.