The Latest Breaking News from IRS

What Is the Internal Revenue Service?The Internal Revenue Service, better known as the IRS, is the U.S. government agency responsible for collecting taxes from individuals and businesses, enforcing tax laws, and processing tax filings each year. It is also one of the oldest bureaus in operation, ...

Electric vehicles are typically seen as expensive cars to own. But an updated, federal tax program designed to make them more affordable could credit you up to $7,500 for purchasing a new clean vehicle.

Taxpayers often overlook these common tax credits – but shouldn’t.

Tax season is here again

The main function of the IRS is separating people from their money, and its chief tool is fear, as illustrated by the $2.1 million penalty it imposed on an 82-year-old grandmother for failing to file a form on time.

Pandemic-era policies are expiring, leading to smaller refunds.

A $2.1 million penalty for failing to file a form on time reveals the agency’s true nature.

LOS ANGELES — Jamie Lee Curtis — the self-appointed 2023 awards season cheerleader — had a pure, gleeful reaction to her first Academy Awards nomination after a long career in Hollywood.

An Israeli group raising funds for Jewish extremists convicted in some of the country’s most notorious hate crimes is collecting tax-exempt donations from Americans