Laura Davison

The service is under pressure from lawmakers to stop penalties and pause automated collections from taxpayers who have been caught in a processing backlog.

American competitiveness is at stake, according to a top U.S. Treasury official.

Families claiming the Child Tax Credit and newly self-employed Americans are among filers likely to see the biggest challenges this year.

Several House Democrats promise to sink President Biden’s economic agenda if doesn't include an expansion of the federal deduction for state and local taxes.

Millions of American families came to depend the advanced credit amid a surge in the cost of living and the continued spread of COVID-19.

Sen. Ron Wyden is targeting Top 15 Firm Baker Tilly and others in an investigation into whether opportunity zone investments are benefitting low-income areas as intended.

A senior Democrat is expanding his inquiry into whether some college football coaches' compensation packages run afoul of laws for tax-exempt organizations.

When filing season begins in two weeks, taxpayers should be prepared for delays as returns and refunds are processed, and for difficulties in reaching the IRS.

Democrats risk losing their edge in key suburban districts amid a stalemate that threatens plans to expand a tax break for well-off homeowners.

Senate Majority Leader Schumer is vowing to bring a revised version of the $2 trillion tax, climate and spending package to a vote as soon as this month.

For Americans worried about rising prices and shrinking household budgets, January could bring another blow to the bottom line.

Key negotiators continue to clash over the specific income limits for one of the unresolved issues in President Joe Biden’s economic agenda.

One key holdout — Senator Joe Manchin — said he’s skeptical he can vote for a bill that includes major economic changes.

Senate Democrats negotiating an expansion of the state and local tax deduction aren’t near a deal, raising the prospect that talks will spill into next week — and potentially next year.

The Business Roundtable is officially opposing Biden’s economic legislation because they believe the tax increases on corporations outweigh the good in the legislation.

Negotiations over the deduction hit a new snag with two key lawmakers at odds over whether the plan should raise revenue for other spending priorities.

Whether a rich person will pay more or less in taxes largely depends on just how much income they get, and how it’s earned.

The House passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped.

Dueling proposals would deliver large tax cuts to the wealthy while failing to do much for middle-income households, according to a new analysis from.

The service seized $3.5 billion worth of cryptocurrencies during fiscal 2021, according to an IRS criminal investigation annual report