Yellen pitches $13B budget increase for IRS as White House looks to crack down on tax cheats
Treasury Secretary Janet Yellen on Thursday asked Congress to approve an additional $13.2 billion in funding for the IRS, which has seen its budget gutted over the past decade.
Elizabeth Warren proposes boosting IRS funding by $31.5B to crack down on 'wealthy tax cheats'
Sen. Elizabeth Warren unveiled a proposal on Monday to nearly triple the budget of the Internal Revenue Service in order to crack down on wealthy Americans who are dodging their taxes.
China roils Bitcoin, cryptos again
China poked bitcoin and the cryptocurrency market for a second time this week.
Biden's tax enforcement plan causes 'Big Brother' concerns: Kudlow
FOX Business' Larry Kudlow argues Biden's proposed tax enforcement, which gives the IRS ability to go directly into bank accounts, signals Big Brother concerns.
If Democrats are willing to settle on infrastructure bill, we’ll work with them: McConnell
Senate Minority Leader Mitch McConnell provides insight into the White House and Senate Republicans on the proposed $2.3 trillion infrastructure plan.
Biden proposed tax enforcement to double the size of the IRS
Americans for Tax Reform president Grover Norquist discusses consequences to Biden's proposed expansion of the IRS' funding and reporting requirements.
Biden administration proposal would expand IRS' power
National Taxpayers Union EVP Brandon Arnold explains the plan: 'gives the IRS unprecedentedly large army to harass taxpayers'
Larry Kudlow: Uncle Sam wants access to your bank account without permission
"Kudlow" host Larry Kudlow called out the Biden administration's new tax enforcement plan targeting banks and cryptocurrency exchanges to provide the government with more information about what's flowing in and out of your bank account.
What does the expanded child tax credit mean for you and your family?
Parents can look forward to some extra cash beginning on July 15, when the IRS starts issuing an expanded child tax credit to millions of families.
Treasury targets wealthy tax cheats with enforcement plan that could raise $700B
The Biden administration on Thursday unveiled a detailed plan laying out a new “tax compliance agenda” designed to beef up IRS enforcement and crack down on wealthy tax cheats
IRS says cryptocurrency transfers over $10K will need to be reported
The IRS wants its cut of the red-hot cryptocurrency market and has proposed rules to ferret out those benefiting from tax evasion.
IRS can seize unemployment tax refunds for unpaid debts
The IRS began issuing refunds this week to Americans who overpaid taxes on unemployment benefits collected last year – but some individuals could have their checks seized to offset unpaid debts.
Hiking corporate tax rate makes US 'completely uncompetitive' with China, Europe: Norquist
Americans for Tax Reform President Grover Norquist pushes back on Treasury Secretary Janet Yellen's 'bizarre' argument for raising corporate and capital gains tax rates.
Corporate tax hikes would damage businesses, make US less competitive: Norquist
Americans for Tax Reform President Grover Norquist pushes back on Treasury Secretary Janet Yellen's 'bizarre' argument for raising corporate and capital gains tax rates.
IRS begins issuing unemployment tax refunds to some Americans
The IRS began issuing refunds this week to Americans who overpaid taxes on unemployment benefits collected last year.
The IRS probably won't audit you this year: Here's why
The chances of being audited by the Internal Revenue Service are extremely slim, with the odds of an individual audit falling significantly over the past decade.
At least 7M Americans in line to receive $10,200 unemployment tax break
At least 7 million Americans will likely qualify for tax refunds on unemployment benefits they collected last year, according to a new report.
The May 17 tax deadline is here: Here's everything you need to know
Americans have just a few more days to file their 2020 tax returns — or risk facing a financial penalty.
Treasury, IRS announce July 15 as start of automatic, expanded child tax credits
The first monthly payment of an expanded and newly advanceable child tax credit from the American Rescue Plan will be made on July 15, the U.S. Treasury Department and the IRS jointly announced Monday.
Tax Day, Bill Gates appearance and Walmart, Target earnings top week ahead
Tax Day, a slew of retail earnings and a key White House semiconductor meeting top the week ahead.