Premier Giorgia Meloni’s government will pare back defense spending in a late change to the budget as it seeks to shrink Italy’s deficit, according to people familiar with the matter.

Senate Finance Committee Democrats are pressuring IRS Commissioner Frank Bisignano to remove a proposed citizenship status question from the draft Form 1040 for the upcoming tax year, in a letter ...

Illinois is moving to postpone compliance with its first-in-the-nation tax on digital assets by six months under an agreement with a cryptocurrency trade group that had filed a constitutional ...

A federal judge won’t allow the Justice Department to revive a $2.4 million tax penalty against a foreign debt investor because the IRS had previously abated it.

The U.S. District Court for the Eastern District of New York held that it lacked subject matter jurisdiction over a taxpayer’s claims challenging IRS levies on his financial accounts because ...

The U.S. Tax Court held that a taxpayer had $16,027 in unreported wage income for 2021. Still, it lacked jurisdiction to determine whether she was entitled to a disputed $3,000 ...

The U.S. District Court for the Eastern District of California held that the United States timely filed an action to reduce a married couple’s 2007 federal tax assessments to judgment ...

The Treasury Department and IRS released proposed rules Thursday on a new tax credit meant to support access to private schools.

The US Chamber of Commerce asked the Treasury Department to clarify what child care services and providers qualify for the employer-provided child care tax credit modified by Republicans’ 2025 tax and ...

A Chicago-area toy company and the Justice Department will argue over the legality of President Donald Trump’s tariffs before a federal court on Wednesday.

The Trump administration’s list of regulatory priorities at the IRS reflects the agency’s tall order to get rules to implement the GOP’s 2025 tax-and-spending law across the finish line.

California revenue officials will gain new authority to pursue residents behind the shell companies used to dodge sales taxes and fees on cars, trucks, boats, and aircraft under legislation signed ...