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 decision on Harvard's tax-exempt status could come in days: Sources
The Internal Revenue Service is considering revoking Harvard University’s tax-exempt status and a decision could be made in ...
Trump is replacing the acting IRS commissioner
Gary Shapley, the acting commissioner of the Internal Revenue Service, is being replaced after Treasury Secretary Scott ...
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.
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 ...
The IRS had 3 different bosses during the week taxes were due
After another leadership shakeup at the IRS, Michael Faulkender on Friday became the fifth leader of the IRS since January.
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 ...
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 ...