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CNBC Business • May 20, 2025

Trump's IRS pick Billy Long says agency 'should not be politicized,' defends ties to dubious tax bre...

Billy Long, nominated to lead the IRS, emphasized the importance of impartial tax enforcement while addressing concerns about his connections to controversial tax incentives during...

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CNBC Business • May 07, 2025

IRS loses nearly 1 in 3 tax auditors in DOGE cuts, watchdog report finds

The reduction in IRS personnel has significantly impacted audit capacity, potentially affecting revenue collection and enforcement efforts due to fewer available tax examiners, as...

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CNBC Business • May 01, 2025

Gold ETF investors may be surprised by their tax bill on profits

Investors in gold ETFs should be aware that profits may incur a higher capital gains tax rate of 28%, as the IRS classifies gold and related funds as collectibles.

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