Laura Davison

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

The enforcement push comes after years of persistently low examination rates.

The president-elect's pledge to repeal President Donald Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.

Donald Trump received $21 million in “highly unusual” payments from a Nevada hotel in 2016 as his presidential campaign was struggling for cash, the New York Times reported.

Chuck Schumer and Ron Wyden have asked internal watchdogs to investigate whether there’s been political interference in audits of the president's returns.

The Internal Revenue Service issued guidelines Wednesday scaling back a tax break for client entertainment, following through on an element of President Donald Trump’s 2017 tax overhaul that he has said he wants to reverse amid the virus pandemic.

At the center of President Donald Trump’s dispute with the IRS is a $72.9 million tax refund. He can thank his predecessor for that benefit.

The Internal Revenue Service has asked a watchdog to investigate the tax system’s security after the New York Times disclosed that its reporters had reviewed more than two decades of President Donald Trump’s tax information.

Democratic presidential nominee Joe Biden released his 2019 tax returns hours before the first debate with President Donald Trump, showing that he paid $299,346 in income taxes in 2019.

Deductions for haircuts, consulting fee write-offs, a family estate that is treated as a business property and an aggressive refund claim could open President Donald Trump to legal risks once he’s out of office.

The president deemed the report "fake news," and said he had paid "a lot."

But the federal government has been able to correct some of its earlier missteps, like sending millions of stimulus checks to the deceased, according to the Government Accountability Office.

The U.S. Senate and Supreme Court are joining the House in not implementing President Donald Trump’s order allowing employers to defer payroll taxes owed by workers.

The U.S. House of Representatives won’t implement President Donald Trump’s order allowing employers to defer payroll taxes owed by workers, joining major companies in rejecting the option.

Levies on most households below the top income brackets would stay about the same as under Trump.

A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.

The Internal Revenue Service issued some eagerly anticipated guidance on President Trump's executive order.

The administration wants employers, not employees, to be responsible for paying back the Social Security levies when they come due next year.

The U.S. Treasury Department still has yet to tell companies how to handle President Donald Trump’s order delaying the due date for employee payroll taxes, leaving major employers like Walmart Inc. in the lurch.

The Internal Revenue Service projects that lower levels of employment in the U.S. could persist for years, showcasing the economic fallout of the coronavirus pandemic.