WASHINGTON -- Congress stripped the IRS of an additional $20 billion last week when averting the government shutdown. Originally, congressional Democrats had given the IRS $80 billion in the 2022 ...

The Biden administration said these cuts could add $140 billion to national debt over the next decade by weakening the IRS's ability to catch wealthy tax evaders.

Income Tax e-filing faces major disruption as income tax e-filing portal goes down. Thousands of taxpayers impacted, deadline ...

Donald Trump's involvement in the TikTok issue stems from his actions as President of the United States in 2020. Back then, ...

Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has ...

Republicans in Congress have helped axe a critical State Department agency, just as Donald Trump is set to take office.

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.

Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government ...

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

As Congress fought over the spending bill, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t ...

The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.