Rep. Rick Allen said it's time to stop the IRS from targeting people for audits. It's a violation of the First Amendment. » Read More
CNBC contributor Herb Weisbaum explains how consumers can combat an alarming trend in the underworld of tax fraud -- crooks pretending to be IRS or U.S. Treasury agents calling about a problem with your tax return. It's a scam that continues long after tax season officially ends.
The IRS will revamp rules made to curb political activity by nonprofits after receiving more than 150,000 comments. The NYT reports.
The U.S. Bureau of Reclamation wants weed growers to know that, at least at the federal level, the times they aren't a-changing.
CNBC's Larry Kudlow and Eamon Javers discuss the $13 billion in improper tax credits paid out by the IRS. Kudlow says the IRS is rife with problems and is poorly managed
The IRS reportedly paid out $13 billion in improper tax credits last year by mistake. CNBC's Eamon Javers reports.
The Internal Revenue Service paid more than $13 billion in tax credits last year to people who may not have qualified.
IRS Commissioner Koskinen said the IRS will audit 100,000 fewer individuals this year as part of congressionally mandated cuts to the agency's budget.
The Obama administration is focused on finding ways to curb tax-motivated reincorporations to other countries by U.S. businesses.
Why the IRS hands out bonuses to its employees, even those who may owe back taxes, with Grover Norquist, Americans for Tax Reform founder & president.
A recent report shows that over 1,000 IRS employees with "federal tax compliance problems" received more than $1 million in bonuses. CNBC's Eamon Javers reports.
Tax day is here and while many are rushing to file on time, others are ready to fraudulently claim a refund.
CNBC's Robert Frank and CNBC contributor Ben White take a look at what's likely to trigger an audit by the tax man.
April 15th is just days away, but there's no need to panic. Personal Finance Correspondent Sharon Epperson shares her top tips for getting your taxes in on time and error-free.
A new study found only half of parents with children under 18 years old are saving for college, and as CNBC's Sharon Epperson reports, most of them say it's because they don't have the money.
There's one week to go before your federal taxes are due. Now, if you haven't done you 1040s yet, there's still some time and if you're a last-minute filer, Sharon Epperson has some money-saving advice on getting the most out of your return.
A week before the April 15th deadline, Federal auditors have released a scathing report on the tax preparation industry, calling much of the industry incompetent and sometimes, crooked. NBC's Chris Clackum reports.
Think you will miss the April 15 deadline? Don't despair. File an extension to avoid penalties.
At a Senate hearing in Washington today, John Koskinen, IRS Commissioner, and Nina Olson, a national taxpayer advocate, urged Congress to pass a proposal that would allow the IRS to regulate all tax preparers.
It's getting down to the wire and your taxes are due soon. You don't want to miss out on important tax credits and deductions that can save you money. Sharon Epperson talks to Elda Di Re, a partner and tax leader at Ernst & Young, about retirement plan contributions, job-relaxed expenses, charitable donations and other tax moves that can help filers save money, even in the 11th hour.
Lehman Brothers may be long dead, but its assets continue to be a lucrative investment for hedge funds.