Tax

Taxes are heavily context dependent, complex and require precise calculations. The consequences of getting them wrong are significant.

The New York City mayor is amping up pressure on Governor Kathy Hochul to hike taxes for the richest residents and corporations.

The Internal Revenue Service posted a fact sheet about its move away from paper checks to electronic payments for taxes and tax refunds.

A group of Senate Democrats and the Treasury Inspector General for Tax Administration are raising questions about the impact of IRS funding cuts.

Missed IRA RMDs can cost clients thousands, Vanguard research shows. But financial advisors can help erase tax penalties and avoid future ones with a few key strategies.

The announcement adds a prominent voice to a debate that has divided top Democrats and rattled Silicon Valley's elite.

The IRS issued a notice extending the deadline for making certain amendments to IRAs, SEP arrangements and SIMPLE IRA plans until Dec. 31, 2027.

The IRS offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay tax debts.

The Treasury Department canceled $21 million in contracts, alleging the consulting firm failed to protect taxpayer data, including President Trump's tax returns.

The Internal Revenue Service officially opened tax-filing season amid changes from the One Big Beautiful Bill Act and the threat of another government shutdown.