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 Department and IRS announce new plan to close tax loophole It could lead to collecting more than $50 billion dollars in tax revenue over ten years.

The US Treasury announced new rules on Monday to crack down on 'partnership basis shifting' as they warned they were coming after $160 billion owed by the top 1 percent of earners each year.

The Treasury Department and the IRS on Monday unveiled a plan to “close a major tax loophole” used by large, complex partnerships.

The IRS says it's closing a tax loophole that has allowed the wealthy to make billions of dollars in taxable income disappear.

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.

The IRS and Treasury Department unveiled a plan to close a loophole used by the nation’s ultra-wealthy and raise $50 billion in tax revenue in the next decade.

The Internal Revenue Service and Treasury Department launched a new initiative Monday aimed at closing a significant tax loophole often used by the super wealthy. The IRS said ending "partnership ...

A sign for the Internal Revenue Service building in Washington. The IRS plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.

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.