The IRS is considering altering its definition of “remediation and restitution” to include payments made to funds in order to comply with the 2017 tax code overhaul’s changes to legal settlement deductibility.

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.

A trade association for ecommerce sellers sued California for requiring vendors to collect and remit sales tax if they sell their products through the Fulfillment by Amazon program.

The Senate on Tuesday voted 82-6 to clear a procedural vote on the stopgap spending bill needed to prevent an Oct. 1 shutdown of the federal government.

How does a billionaire pay next to nothing in federal income taxes? The simple answer is by losing money. But a New York Times report on how President Donald Trump has consistently whittled down his tax liability shows how complicated that approach can be in practice.

Companies may have a more difficult time accessing foreign tax credits under final rules that tell companies how to source foreign income from certain sales.

Speaker Nancy Pelosi and congressional Democrats are awaiting Treasury Secretary Steven Mnuchin‘s counter-offer to their stimulus plan as time is running out to get a deal before the election.

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.