Trump settles IRS lawsuit, sets up $1.7B fund for claims of "weaponization"
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
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President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
The Democratic-controlled House Ways and Means Committee released six years of former President Donald Trump's tax returns, ending Trump's years-long legal battle to keep them secret. Meanwhile, the Jan. 6 committee has released another round of witness transcripts. Scott MacFarlane reports.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
Anyone getting paid for their goods and services through apps like Venmo or Etsy just got a reprieve from the Internal Revenue Service.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
Officials warn millions of paper returns received in 2022 have not yet been processed, despite the agency's progress in reducing the backlog from last year.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
The retirement plans for ranking fire department and police officers exceed IRS limits.
The Internal Review Service says problems with some of its computer systems have shut down the tax return e-file system, according to an email.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
Robert Rizzo, the former city administrator of the city of Bell, will plead guilty to federal income tax charges and faces a sentence of eight years in federal prison, according to a plea agreement filed Thursday in United States District Court.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
Two San Fernando Valley men were sentenced to federal prison time for swindling investors, including friends, associates and members of one of the men's church.
A Glendale office clerk faces federal charges of ordering more than $159,000 in office supplies, selling those items for cash and failing to declare the income to the Internal Revenue Service.
Millions of Southland residents are already worried about filing federal income taxes, but we'll all have more time this year.
A California-based Internal Revenue Service agent has been sentenced to three years in prison for cheating on his taxes and must repay $127,000 to the IRS.
