IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
How an IRS Contractor Leaked Tax Data on Trump, Bezos and Musk
By David Voreacos & Zoe TillmanCharles Littlejohn stole tax information on thousands of wealthy Americans and leaked it to several media outlets.
October 11, 2023
'Snowbirding' in Retirement: 10 Tax and Planning Facts to KnowOwning multiple residences comes with both potentially large benefits and important tax nuances.
October 05, 2023
IRS Warns of Schemes Involving Art DonationsHigh-income taxpayers must "watch out for inflated values or questionable appraisals" tied to exaggerated deductions.
October 02, 2023
New IRS Guidance Provides Money Market Fund Wash Sale ReliefThe guidance lets investors avoid "significant unwarranted tax reporting complexities" from a new SEC rule, a lawyer says.
September 28, 2023
Senate Republican Calls for Tightening Net Investment Income Tax RulesRick Scott used the issue to take a swipe at the Biden family's income taxes.
September 27, 2023
How to Get Tax Breaks, Tap Retirement Accounts After a Natural DisasterAmericans dealing with disasters may be eligible for tax deductions, deferred deadlines or penalty-free withdrawals.
September 27, 2023
How to Help Wealthy Clients Avoid Audits as IRS Cracks DownSome assets popular with wealthy investors, such as real estate, are likely to attract the IRS' attention.
September 20, 2023
New IRS Unit to Focus on Tax Dodging by Pass-ThroughsThe unit will crack down on large partnerships using pass-throughs to shield income, IRS' commissioner said.