IRS

Sure, you might have to actually pay U.S. taxes on those crypto trades. But at least it will be easier to figure out how much you owe.

New reports indicate 497 high-income taxpayers had over $150 million in their individual retirement accounts, and nearly 25,000 taxpayers had aggregate IRA account balances of $5 million or more.

A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties.

National Taxpayer Advocate Erin Collins pointed to continuing backlogs at the Internal Revenue Service and difficulty reaching telephone assistance in a report to Congress Thursday.

The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy.

The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden.

A combination of high valuations on companies and potentially higher levies in the future is proving to be a potent motivator for families to sell long-held businesses.

The disclosure of the personal income and tax data of some of the wealthiest Americans has been referred to additional federal investigators.

Group of Seven leaders are expected to endorse a plan to plug holes in the world’s leaky tax system when they meet this weekend.

With the burden on participants to figure it all out, it's no surprise that more often than not, they just give up, Alexis Leondis writes.