The IRS and Treasury Department on Monday unveiled a plan to end a major tax loophole used by wealthy taxpayers, a move that could generate as much as $50 billion in revenue over the next decade.

The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 billion in tax revenue over the next decade.

Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s ...

The agency estimates the new initiative could result in the collection of $50 billion over 10 years by closing a major tax loophole ... Reduction Act, Treasury and the IRS have the tools to ...

"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 ...

Those dollars, Trump allies are saying, will go toward the hiring of 87,000 new IRS agents ... Reduction Act Aims To Close Tax Loopholes According to a Treasury Department official, the ...

The Secret IRS Files ... consider this: The loophole already existed, in much smaller form, before the Trump tax overhaul. A government report in 2009 estimated the U.S. Treasury was losing ...