The Latest Breaking News from IRS

Striking nurses see health care canceled as $6.6 billon N.J. hospital chain digs in; both sides claim bad faith

Tesla cut prices by nearly 20% on its luxury vehicles, the Model S and Model X, in the U.S. Friday as it simultaneously released its new Model 3 in China.

India made history by becoming the fourth country to successfully land on the moon. ISRO achieved this feat with a cost-effective mission, utilising a longer flight path and less powerful propulsion systems. Five pivotal moments in India’s space history, along with their associated costs, include Aryabhata (launched at no cost),…

If you earn a lot of money, you may want to avoid these most expensive states for millionaires. Some high earners in these areas could pay income tax rates greater than 50%.

The Hawaii tax deadline has been extended by the IRS following devastating wildfires. Here's what impacted residents should know.

The multimillionaire former biotech executive Vivek Ramaswamy took centre stage at the first Republican debate last week as he bids to win his party’s 2024 presidential nomination.

A business owner learned the hard way (and at great cost) not to dawdle or cut corners when it comes to tax plans involving the sale of a business.

The IRS has three different versions of the Form 1040 that you can use to file your taxes: 1040, 1040-SR, and 1040-NR. Here are the key differences.

The IRS is offering relief on new 401(k) catch-up contribution rules for certain high earners. Here’s what it means for you.

Learn how to avoid these mistakes and maximize your tax savings, ensure accuracy in your tax filings and avoid penalties with these helpful tips.

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system