Disclosure is a type of extra explanation. You are required to disclose enough detail to tell the IRS what you are doing. But ...

Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.

The election of Pope Leo XIV, a U.S. expat, serves as a timely reminder for all Americans overseas to ensure they're compliant with worldwide income and asset reporting.

Billy Long, President Donald Trump's nominee to lead the IRS, answered Senate Finance Committee questions on Tuesday. Here's ...

The interest and penalties will also compound over time, so even a modest tax debt can quickly turn into an overwhelming ...

As the IRS faces dramatic staffing cuts, wealthy tax cheats are finding it easier than ever to skip paying their fair share.

MSOs challenging IRC section 280E typically employ sophisticated, multi-layered strategies that combine statutory interpretation, nuanced entity structuring, and meticulous internal documentation.

Conservatives like me once instinctively understood that expanding government power — even briefly — invites harm. Yet recent ...

Under the Income Tax Act, the CRA may impose gross negligence penalties when a taxpayer knowingly or carelessly makes a false statement or omission in their tax return. O’Riordan said CRA staff “are ...

U.S. President Donald Trump plans to replace income taxes with tariffs, but what does that mean for the average middle-class American? “Donald Trump announced the External Revenue Service, and his ...

President Donald Trump replaced acting IRS commissioner Gary Shapley on Friday, three days after he was selected for the position ... s top representative at the tax agency, according to three ...

The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether to revoke the Ivy League school's tax-exempt status. A final decision has ...