Minnesotans shouldn’t be too surprised when the budget cuts being made at the capitols in St. Paul and Washington, D.C., ...

Billy Long's confirmation process to take the helm of the Internal Revenue Service is well underway, running alongside mass ...

US companies could immediately deduct the full cost of their research and development activities, from engineering salaries ...

Section 174 of the US IRC was updated in 2022, and companies can no longer claim immediate 100% tax deductions for expenses ...

Tax policy plays a huge and, unfortunately, often unpredictable role in stimulating certain activities. This important change ...

Agency leaders say they want to complete the “vast majority” of its modernization efforts within the next couple of years.

Agency leaders say they want to complete the “vast majority” of its modernization efforts within the next couple of years.

WASHINGTON (AP) — Former U.S. Rep. Billy Long of Missouri was confirmed on Thursday to lead the Internal Revenue Service, ...

The Senate confirmed Billy Long, a former Republican congressman from Missouri, as the new IRS commissioner amid staffing and ...

It is certain to rise as the IRS processes thousands of additional buyouts and with future expected layoff rounds. The 31% drop in auditors has raised alarms. Most of the so-called tax gap comes ...

President Trump's administration removes thousands of federal workers while Elon Musk leads efficiency efforts. The cuts ...