The Latest Breaking News from IRS

The IRS fines hostages for taxes they couldn't pay while they were detained. A bill in Congress is trying to fix this.

Clean energy tax credits are paying off for many, but experts warn of increasing scams.

The Family Research Council is a conservative advocacy group with a “biblical worldview.” While it has a church ministries department that works with churches from several evangelical Christian denominations that share its perspectives, it does not represent a single denomination. Although its activities are primarily focused on policy, advocacy, government…

Knowing how the average IRA balance of peers compares to your own could be the nudge you need to save more for retirement — or pat yourself on the back.

The IRS treats cryptocurrency as property, not currency, under Notice 2014-21. This classification is pivotal because it means every transaction involving cryptocurrency—whether selling, exchanging, or even making purchases—triggers a taxable event.

There’s some confusion over whether you can escape taxes on Social Security benefits based on age.

Understanding the day trade tax rate might appear complicated. A lot of traders feel confused when it's about taxes. What will be the amount due? Which regulations should you be aware of? These are typical queries that lead to bewilderment.

This once resilient accounting industry is cracking, as the labor force seems in dire straits. It’s also affecting the IRS.

We don't know how many people might be affected.