For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
Tax Breaks, Audit Shows A previously unknown focus of an I.R.S. audit is a dubious accounting maneuver that effectively meant taking the same write-offs twice on a Chicago skyscraper.
Microsoft is in a dispute with the IRS over back taxes the agency says it owes for years 2004 through 2013.
The rapper said he found out how much he owed the IRS, then went to his "CFOs" to try to find out if not paying taxes would be tax evasion.
The unpaid balance of $549,435.26 in federal taxes for 2021 was revealed in an August notice that said the IRS was placing a lien on Giuliani's property in Palm Beach, Florida. Reached for...
Many small business owners face surprise tax bills. The IRS does not need to sink you or your business.
The IRS is reaching out to high-income individuals who haven’t filed a federal tax return over the past seven years.
The IRS is looking to recover hundreds of millions of dollars in outstanding taxes by going after 125,000 cases of high-income individuals who did not file their taxes.
The IRS says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest. Microsoft disagrees.