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 ...
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 ...
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 ...
About 25% of IRS workers planning to take buyout offer
A staggering 25% of Internal Revenue Service employees are planning to take buyouts and resign, according to three sources ...
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 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 ...