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, ...
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.
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 ...
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 ...
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.
Donald Trump administration asks Internal Revenue Service to strip Harvard of tax-exempt status over campus antisemitism
The Trump administration formally requested the IRS to revoke Harvard University's tax-exempt status, alleging a failure to ...