Trump wants to ‘abolish’ the IRS and replace it with tariffs. Can it work?
No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in ...
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Trump and Musk’s DOGE purge sees 6,700 IRS staff fired during tax season
The mass firing of IRS employees will impact those who have been working at the agency for less than a year, and will leave ...
IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say
The Inflation Reduction Act, signed into law by President Joe Biden in 2022, gave the IRS $80 billion and the ability to hire ...
IRS to cut 7,000 jobs as Donald Trump administration pushes federal downsizing
The Internal Revenue Service (IRS) is set to lay off around 7,000 employees across the US as part of the Donald Trump ...
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IRS reviews and seizes bank accounts that do not comply with these rules
Americans face the crucial task of filing their taxes, a process that involves the IRS, the nation's tax authority. This article delves into the IRS's role in tax compliance and the serious ...
IRS cuts may mean refund delays and long waits. File early before potential cuts, CPAs say
Trump may target IRS next for job cuts. CPAs warn Americans to file early before the cuts to avoid refund delays or long help lines.
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US: IRS to lay off 6,700 employees today
The United States Internal Revenue Service (IRS) will today Thursday, February 20, 2025, lay off approximately 6,700 employees. According to Reuters, the employees affected by the cuts are ...