The Latest Breaking News from IRS

Did a shiver go down your spine when you heard that Congress is pouring a whopping $80 billion into the Internal Revenue Service over the next 10 years to beef up the nation's tax collection system?

Sir Isaac Newton’s Third Law of Motion states that for every action, there is an equal and opposite reaction. While Newton was describing this phenomenon in relation to physics, the basic principle also applies to society in general.

Biden and Democrats celebrate "inflation reduction" law as CPI report tanks markets. Meanwhile, GOP proposes national abortion limits.

The court also slapped a fine of Rs 1.50 lakh on the officer.

SEATTLE — Did you know it was once a misdemeanor to leave a tip in Washington state?

The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief. The refunds don't apply to penalties for failing to pay your taxes.

The party has embraced a precise brand of anti-government rhetoric, with the agency the latest target – and it’s drawing on an old playbook

Omar blasts Cruz over GOP plan to kill student debt relief

CHICAGO — Even before Barack Obama left the White House, plans to build his presidential center in Jackson Park were met with resistance as nearby residents feared the center’s very existence would drive up costs in an area the former president says he wants to uplift.

MIAMI — In the run-up to the 2018 election, Broken Promises — a mysterious nonprofit group registered to a UPS box in the nation’s capital — gave $25,000 to a political committee called Consumers for Energy Fairness. It was the first donation the committee received that year.

The Internal Revenue Service posted to its website confidential information for 120,000 taxpayers with retirement accounts invested in assets like master limited partnerships and real-estate investment trusts. Those taxpayers, as well as tax-exempt nonprofits, must file 990-T forms. Only the information for the nonprofits was supposed to be posted. IRS…