Failure to comply with filing requirements can lead to significant consequences, including automatic revocation of tax-exempt ...

Payroll taxes withheld from paychecks belong to the government. If the employer uses the money for something else, the IRS is ...

Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.

The Treasury Department says the agreement will help carry out Trump’s agenda to secure U.S. borders and is part of his ...

But there is some historical precedent for stripping a school of its tax-exempt status — a measure that would have crippling effects, making the university’s endowment income taxable and disallowing ...

Analia Mountzoures, 48, of East Lyme, appeared before U.S. District Judge Kari A. Dooley in Bridgeport on Wednesday and ...

Nearly 75 million Americans have already received their annual tax refunds from the Internal Revenue Service (IRS), with the average refund totaling thousands of dollars.

Michael Faulkender, the fourth interim leader since January, promises modernization of the tax agency’s systems in two years.

The IRS highlights key forms and tips for tax-exempt organizations ahead of the May 15 filing deadline. Here's what you need ...

Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.

While the typical tax deadline for most Americans has passed on April 15, 2025, the IRS has extended deadlines for ...

By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.