The IRS and Treasury Department announced plans to end a major tax loophole that is used by wealthy Americans to reduce how ...

The US Treasury and IRS are closing a tax loophole used by the über-wealthy. They're cracking down on "opaque" business structures that "inflate" deductions. The proposed regulations could ...

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 ...

US Treasury's Bessent ... government programs." The Treasury spokesperson declined to comment on whether the IRS would take steps to revoke Harvard University's tax-exempt status after Trump ...