The US Treasury and IRS are closing a tax loophole used by the über-wealthy. They're cracking down on "opaque" business structures that "inflate" deductions. The proposed regulations could ...

Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose ...

The Internal Revenue Service and Treasury Department launched a new initiative Monday aimed at closing a significant tax loophole often used by the super wealthy. The IRS said ending "partnership ...

"For the last 35 years, we’ve been five years away from the IRS being modernized. Under the direct leadership of Treasury, the modernization ... into Long's connections to alleged tax credit loopholes ...

US Treasury's Bessent ... government programs." The Treasury spokesperson declined to comment on whether the IRS would take steps to revoke Harvard University's tax-exempt status after Trump ...