Treasury Department

The Treasury and the Internal Revenue Service issued final regulations on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions.

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.

The Internal Revenue Service is looking at improvements in services and technology for both taxpayers and tax professionals.

The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.

The annual rush to pay Uncle Sam means the Treasury doesn't need to issue as much short-term debt as in other months to fund the U.S. government.

The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

The Treasury secretary addressed a group of service employees as the agency fends off cuts pushed by House Republicans.

The challenges and opportunities of required Roth contributions are taking a backseat for now to legislative and operational messes from the Secure 2.0 law.

The Treasury Department announced a timeline for offering more information on some of the main tax provisions of the Inflation Reduction Act.

The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.

As Republicans threaten cuts to Social Security and Medicare, Assistant Secretary Ben Harris says reducing benefits would cause "undue suffering."

Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.

The Treasury Department estimates added enforcement could capture an additional $700 billion in tax dollars.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

Some former IRS officials say it will take several years to produce significant results.

The Treasury secretary has previously said she would work with Congress on ways to ease the “disparate treatment” across taxpayers from the deduction limit.

The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.

Notice 2021-25 offers details on a provision of the COVID-19 relief package from last December that allows a temporarily larger deduction.

The majority of the latest payments went to Social Security recipients and beneficiaries.