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IRS Acting Head Ousted After US Treasury Chief Wins Power Struggle With Musk, NYT Reports
The acting commissioner of the U.S. Internal Revenue Service is being replaced after Treasury Secretary Scott Bessent complained to President Donald Trump that the latest leader of the agency had been installed without his knowledge and at the behest of billionaire Elon Musk,
After another leadership shakeup at the IRS, Michael Faulkender on Friday became the fifth leader of the IRS since January.
U.S. Treasury Secretary Scott Bessent confirmed on Friday that Deputy Treasury Secretary Michael Faulkender has been ...
By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.
The IRS's Reduction in Force plan states the agency could go from 102,000 employees to a target of 60,000 to 70,000, ...
The Internal Revenue Service is considering revoking Harvard University’s tax-exempt status and a decision could be made in ...
Missing a tax filing deadline can lead to a failure to file penalty, which is usually five percent of the unpaid taxes for ...
The tax agency’s next leader is the fifth so far this year.
The Trump administration formally requested the IRS to revoke Harvard University's tax-exempt status, alleging a failure to ...
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