The IRS announced Friday that it is targeting a group of high-income earners and corporations that have failed to pay their taxes in full — including about 1,600 millionaires who owe hundreds of ...

T he Internal Revenue Service (IRS) has embarked on a significant initiative aimed at high-income individuals who have not filed their federal tax returns since 2017.This effort focuses on 125,000 ...

The IRS released its strategic plan for using Biden's $80 billion investment in the agency. It plans to dedicate a chunk of spending to stricter enforcement for high earners. It also included ...

The Internal Revenue Service (IRS) is cracking down on high-income earners and businesses that owe hundreds of millions of dollars in past-due taxes—and in doing so are “abusing the nation’s ...

IRS announces adjustments in response to inflation 03:17. The Biden administration has trumpeted its plans to crack down on rich tax evaders, funneling $46 billion to the IRS so it can ferret out ...

By Christopher C. Giambrone. T he backdoor Roth IRA is a strategic retirement savings technique that allows high-income ...

The IRS has dropped a raft of changes, big and small, to the U.S. tax code that could shift how much you owe — or save — in 2025. From bigger deductions to higher limits on health-related ...