The Trump administration quietly announced Thursday that it is abandoning a Biden-era effort to close a loophole that allows large business partnerships to repeatedly manipulate the value of their ...

The recent firing of the acting commissioner of the Internal Revenue Service (IRS) has sparked significant discussion about the influence of prominent figures in government and the ongoing efforts to ...

The tax agency’s next leader is the fifth so far this year.

Markets may have recovered this month only because two scheming advisors worked the president in the absence of a third. The ...

The legal underpinnings of the administration’s broadsides against universities and schools stretch precedents and cut ...

After its rollout, 90% of users surveyed ranked their experience as excellent or above average but the program has faced ...

Treasury Secretary Scott Bessent complained to President Trump that the acting commissioner had been installed without his ...

U.S. Treasury Secretary Scott Bessent confirmed on Friday that Deputy Treasury Secretary Michael Faulkender has been ...

President Trump has said China has reached out to negotiate a deal. Another official said the administration has already been ...

Even a sinking stock market couldn't convince President Trump to pause his tariffs. Then the bond market forced him to fold.

President Donald Trump will replace Internal Revenue Service Acting Commissioner Gary Shapley, who was backed by Elon Musk, ...

Gary Shapley, whom President Donald Trump named acting commissioner of the Internal Revenue Service earlier this week with ...