The US Internal Revenue Service (IRS) has announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to USD20,500 (up from USD19,500 for 2021 and 2020).

Just because the IRS is auditing fewer tax returns, don’t assume you can dupe the taxman.

The credits are the same type as those in a $5 billion federal proposal from Education Secretary Betsy DeVos.

On October 1, 2019, the United States Treasury Department and the Internal Revenue Service announced an administrative relief for certain US persons that own stock in certain foreign corporations.

Case may have implications for British citizens born in US, who risk having accounts frozen

On August 5, 2019, the United States Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.

Withdrawing Roth IRA investment earnings before the account is five years old could trigger taxes and penalties.

On June 14, 2019, the US Internal Revenue Service announced that it is looking for new applicants for the Compliance Assurance Process (CAP), a cooperative compliance program aimed at publicly traded corporate taxpayers.

Committee chair sets a deadline for Trump to turn over his tax returns.

A tax haven is typically a foreign country that charges low or minimal taxes.