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IRS advised to re-establish its office for decommissioning outdated IT systems.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

Some businesses may receive employee retention tax credit payments as early as September.

'The Buffett Rule' was coined after the Berkshire Hathaway CEO highlighted he pays the same percentage share of income tax as his secretary Debbie Bosanek.

An Individual Retirement Account (IRA) is a tax-advantaged savings account to help you boost your nest egg. Learn which type of IRA is best for you.

You may not be able to use the new IRS tax filing system if your state doesn't allow it. Plus, an incoming Congress could eventually bring an end to the program.

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.