Legislation

Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.

Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?

Small businesses are about to face a tax hike that will hurt workers and weaken communities if Congress does not take action.

The agency has launched several initiatives targeting wealthy individuals and large companies in an effort to close the tax gap.

These FAQs address which entities must apply for registration for the tax credit pursuant to Notice 2024-49, which the IRS issued in June.

Lineup changes on the House Ways and Means and Senate Finance panels pose challenges and possibilities in extending tax cuts.

As of March 31, the IRS has spent $5.7 billion, or 10%, of the $57.8 billion it will receive from the Inflation Reduction Act, TIGTA says.

Opinion: Tax cuts aren't cures. What's needed is the courage to reform an unfair, unbalanced and underperforming tax system.