The Latest Breaking News from IRS

About two-thirds of individual capital gains subject to tax are from selling corporate stock; the remainder is from property sales.

Californians who paid their 2019 or 2020 income taxes late could be getting refunds on the amounts they paid in penalties, the Internal Revenue Service said Wednesday.

The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities

The security assessment will be first of its kind since the 1995 Oklahoma City Bombing following far-right chatter online

Experts say that Republican claims about the service have put its agents in danger

CHICAGO — A mother whose young daughter was allegedly sexually assaulted by R. Kelly on videotape in the 1990s testified Monday that Kelly threatened them and sent them out of town after the allegations of abuse first surfaced more than 20 years ago.

CHICAGO — An IRS agent on Monday spent nearly three hours walking jurors in R. Kelly’s federal trial through a network of payments made by the R&B superstar’s various companies as part of an alleged scheme to cover up the sexual abuse of minors.

Billions in funding for the IRS has some people worrying about IRS agents and audits.

One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. The promised flood of cash — an additional $80 billion over 10 years, compared with baseline annual spending of around $15 billion — raises some…

"Deeply dangerous nonsense," says representatives regarding the rumor

President Joe Biden signed into law a massive budget reconciliation bill this week known as the Inflation Reduction Act of 2022.