News

IRS could cut up to 40% of workforce, memo indicates
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, ...
IRS Urges Millions to Check Tax Withholding Now
By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.
The IRS interim commissioner was just ousted after Scott Bessent reportedly fussed to Trump that Elon Musk installed the leader behind his back
The acting commissioner of the IRS was fired Friday after Treasury Secretary Scott Bessent reportedly complained to President ...
Bill taking aim at IRS would strip agency of guns and ammo
Ala., and several other House Republicans push the "Why Does the IRS Need Guns Act" that would strip the IRS of firearms and ...
Big exodus of IRS employees underway as tax season hits full swing
Thousands of workers are leaving the IRS through deferred resignations. The big staff reductions might lead to decreased ...
IRS Issues Urgent Advice On How To Minimize Penalties For Missed Filings
Missing a tax filing deadline can lead to a failure to file penalty, which is usually five percent of the unpaid taxes for ...
US Treasury's Bessent ousts IRS acting chief, names deputy to temporary role
U.S. Treasury Secretary Scott Bessent confirmed on Friday that Deputy Treasury Secretary Michael Faulkender has been ...
20,000 IRS employees interested in deferred resignation offer as tax deadline looms
The Trump administration has offered buyouts across the government in a bid to dramatically shrink the size of the federal ...
Trump to Replace Acting IRS Commissioner
The tax agency’s next leader is the fifth so far this year.
Trump wants to 'abolish' the IRS and replace federal income tax revenue with tariffs on imports — how would such a move affect middle-class Americans?
U.S. President Donald Trump plans to replace income taxes with tariffs, but what does that mean for the average middle-class ...