IRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax collector will expand its pursuit of high-wealth tax dodgers with new initiatives in the coming months
March 20, 2024
A pair of Ukrainian justice ministers in Washington this week said they were “quite optimistic” about the U.S. coming up with a way to financially support Ukraine
March 13, 2024
A new forever postage stamp bearing the portrait of former U.S. First Lady Betty Ford was unveiled at the White House Wednesday
March 06, 2024
The government's new free electronic filing system for income tax returns is getting its first users this filing season
March 06, 2024
In a blow to the Biden administration’s effort to increase corporate transparency, an Alabama federal district judge has ruled that the Treasury Department cannot require small business owners to report details on their owners and others who benefit from the business
March 04, 2024
The United States has sanctioned Zimbabwe’s President Emmerson Mnangagwa, the First Lady and other government officials for their alleged involvement in corruption and human rights abuses
March 04, 2024
The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017
February 29, 2024
The U.S. sanctioned a deputy commander of Iran’s Islamic Revolutionary Guard Corps, a Houthi militant member, firms registered in Hong Kong and the Marshall Islands, along with two ships, including one that transported $100 million in Iranian commodities to China
February 27, 2024
Treasury Secretary Janet Yellen is offering her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction
February 27, 2024
First, there were trackers on Taylor Swift and other celebrities’ private jet usage
February 21, 2024
The Biden administration is stepping up efforts to stop dirty money from flowing through the U.S. financial system by crafting a slew of new rules aimed at increasing corporate transparency and regulating occupations that are exploited for money laundering
February 15, 2024
The U.S. has imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkey — for allegedly helping to export goods and technology purchased from U.S. companies to Iran and the nation’s central bank
February 14, 2024
The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system
February 13, 2024
A new IRS inspector general report says the agency continued to give 19 contractors access to sensitive systems despite failing background reports as recently as last July
February 09, 2024
The Biden administration wants to make residential real estate transactions more transparent — by unmasking the owners of all-cash purchases as part of its ongoing effort to combat money laundering and the movement of dirty money through the American financial system
February 07, 2024
The IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated using funding provided to the agency by the Democrats’ Inflation Reduction Act
February 06, 2024
The U.S. and U.K. on Thursday imposed sanctions on four leaders of Yemen’s Houthi rebel group who have supported the militant group’s recent attacks on vessels in the Red Sea and Gulf of Aden
January 25, 2024
As tax filing season officially starts Monday, a limited number of taxpayers in 12 states will soon be eligible for a program that will allow them to calculate and submit their returns directly to the IRS without having to pay for commercial tax preparation software
January 29, 2024
Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment
January 25, 2024
The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English
January 23, 2024
The U.S. hit a United Arab Emirates shipping firm and its 18 vessels with sanctions after it transported Russian crude oil above the $60 per barrel price cap
January 18, 2024
Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy “vindicates” Democrats’ decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021
January 17, 2024
The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires
January 12, 2024
The IRS is still too slow to process amended tax returns, answer taxpayer phone calls and resolve identity theft cases, according to an independent watchdog within the agency
January 10, 2024
The IRS has announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline
January 08, 2024
Harris accepts CNN invitation to second debate, urges Trump to join
Sullivan expresses worry over escalating Israel-Lebanon tension, calls Hezbollah strike as justice served
Court gives 5 days for X to validate its Brazil legal representative
Climate activists cleared in UK of charges in rooftop protest at Sunak's estate
Turkey calls on West to take 'deterrent steps' against Israeli action
Fears grip ethnic minorities after deadly violence in Bangladesh
Tiny rainforest lizards leap into water and don’t come up when expected. Scientists now know why
Man smashes Ai Weiwei sculpture at Italy art show opening
Diddy faces public scrutiny over alleged sex crimes as questions arise about future of his music
Lizard on track halts Formula 1 practice in Singapore