IRS reaches settlement with Citadel's Ken Griffin over tax records lawsuit
Citadel global head of litigation Brooke Cucinella discusses the case against the IRS over leaked tax records on 'The Big Money Show.'
IRS apologizes to Ken Griffin and thousands of Americans for tax data leak
The Internal Revenue Service issued a public apology to Citadel CEO Ken Griffin as part of the settlement of a lawsuit he filed following the leak of thousands of Americans tax data.
Senate Democrats plan for a 'tax Armageddon' in 2025
Senate Democrats said they are coming up with a "menu" of tax proposals for 2025 as they prepare for the expiration of the 2017 Tax Cuts and Jobs Act.
Economist's message to Biden: 'You can't revive the economy with a giant tax increase'
'The Bottom Line' panelists analyze President Biden and former President Trump's economic agendas ahead of the first presidential debate.
IRS penalties on American taxpayers surged nearly 300% last year
The IRS said that it levied a record $7 billion in penalties against taxpayers last year, mostly targeting individuals who underpaid heir estimated taxes.
IRS plans to close 'major' tax loophole used by wealthy Americans
The IRS and Treasury Department announced plans to end a major tax loophole that is used by wealthy Americans to reduce how much they owe to Uncle Sam.
Time to claim $1B in tax refunds dwindles: A state-by-state breakdown
The IRS says 1 million people face a May 17 deadline to submit their tax returns for unclaimed refunds for the 2020 tax year. Collectively, the refunds are worth more than $1 billion.
IRS warns thousands of taxpayers could face criminal prosecution for filing false returns
The IRS warned thousands of taxpayers that they could face criminal prosecution and steep fines if they falsely filed for tax credits that do not apply to them.
The IRS has $1B in unclaimed federal tax refunds. Time is running out to collect it
The IRS said more than $1 billion in unclaimed refunds for the 2020 filing year are still possible for eligible filers to claim, but time is running out.
IRS plans to more than double its audit rate of wealthy taxpayers
Funding for the latest enforcement efforts was included in the Democrats' health care and climate change spending bill that President Biden signed into law in 2022.
Charles Payne: The IRS army is going after you
'Making Money' host Charles Payne discusses the concept of taxes and paying your 'fair share' on 'Making Money.'
Tax refunds up from 2023; most Americans plan to pay down debt or save
A new Bank of America Institute report found that taxpayers' refund checks will on average be about 5% larger compared to a year ago, with most planning to pay debt or save the refund.
How much of your tax money goes toward servicing the US national debt?
A growing amount of individual personal income taxes is going toward paying down interest costs on the U.S. national debt, according to a new analysis.
Still need to file your taxes? Last-minute tips for late filers
Tax season officially comes to an end on Monday, but if you haven't filed your taxes yet, don't worry. Here is everything taxpayers need to know this year.
IRS used AI to access bank accounts of US citizens: Rep. Harriet Hageman
Rep. Harriet Hageman, R-Wyo., says the Biden administration ignored the Bill of Rights to weaponize government against its citizens on 'The Big Money Show.'
The most common tax season scams - and how to protect yourself
Thousands of people have lost money and personal information to tax scams. Here are tips on how to keep your finances safe during the 2024 filing season.
If you can't file your taxes to the IRS by the 2024 deadline, you can apply for a tax extension
If you are unable to file your taxes by the deadline, you can apply for a tax extension. You can apply online for an extension, and there are no qualifications needed to apply.
18 states call on Biden IRS to abandon 'flawed' billion-dollar tax filing program
FIRST ON FOX: A group of 21 state financial officers and treasurers from 18 states is calling on the Biden administration to scrap a billion-dollar tax preparation program.
Do you need to include payments from third-party processors like Venmo and PayPal in your tax filings?
If you have received $20,000 from over 200 transactions through third-party payment processors, like Venmo, you'll need to report this information to the IRS.
Americans in this state are the biggest tax procrastinators: survey
Wyoming topped the list as the state with the biggest procrastination problem for the second year running, according to the IPX 1031 survey.