The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms ...

Even if you filed your tax return for the year, the Internal Revenue Service (IRS) on Thursday warned that taxpayers should remain on alert for some common scams to avoid losing money and personal ...

Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to ...

every year should be aware that the tax department has introduced some changes in the format of Form 16 related to tax deduction and perquisites. The changes effected in the Form 16 format will ...

A copy of this form will be sent to the IRS, as well. The IRS said that while it is taking a phased in approach to implementation of the Form 1099-K reporting threshold, there have been no ...

The height of tax season was the height of turmoil at the IRS WASHINGTON -- The height of tax season was the height of turmoil at the IRS. The agency shuffled through three acting directors over t ...

As tax season progresses in the United States, many taxpayers face the process with anticipation to know the dates and amounts of refunds they will receive from the Internal Revenue Service (IRS).

This comes after Bessent appointed his deputy, Michael Faulkender, as the next acting commissioner of the Internal Revenue Service (IRS) and let go of Musk-backed Gary Shapley. Elon Musk and Scott ...

Deputy Treasury Secretary Michael Faulkender became the acting commissioner of the IRS on Friday. Faulkender is the 3rd person to lead the IRS since tax season began and the 5th since Trump took ...

The acting head of the Internal Revenue Service (IRS) was replaced after Treasury Secretary Scott Bessent complained to President Donald Trump that he was installed by billionaire SpaceX CEO Elon ...

“Trust must be brought back to the IRS, and I am fully confident that @TreasuryDepSec Michael Faulkender is the right man for the moment,” Bessent said in a statement on X Friday afternoon.

Just two days after being named interim IRS commissioner, Gary Shapley is out of the job, CBS News has confirmed. His roughly 48 hours heading the agency where he's spent most of his career was ...