Congressional Republicans are moving quickly to pass a mammoth tax and spending cuts package that could have a direct impact on millions of Americans and drastic consequences for the economy.

The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it ...

The 280E section bars any company from claiming standard business tax deductions if it traffics in Schedule I or Schedule II controlled substances. Marijuana has been a Schedule I narcotic since the ...

Congress demands a major review of federal credit card programs after audits reveal misuse, pushing for reforms to safeguard ...

Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s ...

PHOENIX – An IRS audit affirmed Grand Canyon University’s tax-exempt status as a nonprofit institution, the Phoenix-based school announced Tuesday. It’s the second win in less than a week ...

In past work with Natasha Sarin, I estimated the impact of investing $100 billion ... In their 2024 journal article, “A Welfare Analysis of Tax Audits Across the Income Distribution,” William ...

The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government watchdog finds.

He said the tax credits also impact other smaller political subdivisions ... Revenue is supposed to perform an initial qualification audit and, after that, periodic audits to verify the information.

even if you feel like you don't — and there are steps you can take to try and minimize the stress and financial impact. By taking the right approach, you can typically resolve an IRS audit issue ...