Trump wants to ‘abolish’ the IRS and replace it with tariffs. Can it work?
No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in ...
IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say
The layoffs of roughly 7,000 IRS probationary workers beginning this week likely mean the end of the agency's plan to go ...
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Tax refunds could be delayed for frustrating reason
Any minor change to the system could result in a disruption to payments for hundreds of millions of recipients ...
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IRS reviews and seizes bank accounts that do not comply with these rules
Americans face the crucial task of filing their taxes, a process that involves the IRS, the nation's tax authority. This article delves into the IRS's role in tax compliance and the serious ...
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US: IRS to lay off 6,700 employees today
The United States Internal Revenue Service (IRS) will today Thursday, February 20, 2025, lay off approximately 6,700 employees. According to Reuters, the employees affected by the cuts are ...
IRS cuts may mean refund delays and long waits. File early before potential cuts, CPAs say
Trump may target IRS next for job cuts. CPAs warn Americans to file early before the cuts to avoid refund delays or long help lines.
Fired IRS employees slam layoffs as agency makes cuts nationwide
As the IRS fired thousands of workers across the country on Thursday, many laid-off employees walked out of the headquarters ...
It's Time for a Flat Tax
Despite what many believe, the United States is a place where the highest earners—depending on their state of residence—can ...