Failure to comply with filing requirements can lead to significant consequences, including automatic revocation of tax-exempt ...

Payroll taxes withheld from paychecks belong to the government. If the employer uses the money for something else, the IRS is ...

Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.

The Treasury Department says the agreement will help carry out Trump’s agenda to secure U.S. borders and is part of his ...

Each year, tax season brings mixed feelings, with a little stress, but also a lot of anticipation. For thousands of taxpayers ...

But there is some historical precedent for stripping a school of its tax-exempt status — a measure that would have crippling effects, making the university’s endowment income taxable and disallowing ...

Analia Mountzoures, 48, of East Lyme, appeared before U.S. District Judge Kari A. Dooley in Bridgeport on Wednesday and ...

The IRS highlights key forms and tips for tax-exempt organizations ahead of the May 15 filing deadline. Here's what you need ...

Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.

Over 66 million retired Americans receive Social Security income, including roughly six million baby boomers who signed up to begin receiving benefits in 2024. While Social Security income is only ...

By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.

IRS staff were reportedly told in mid-March to stop working on Direct File's development for the 2026 tax filing season.