IRS plans to cut up to 25% of workforce in next round of layoffs
The IRS started a new round of layoffs on Friday beginning with the agency's Office of Civil Rights and Compliance, according ...
Trump considering announcing "External Revenue Service," sources say
President Trump has previously described the "External Revenue Service" as an arm of government "to collect tariffs, duties, ...
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IRS Warns Of Bogus Refund Schemes: Here's What To Know
A new tax-season scam circulating online is encouraging people to falsify wage information on federal tax returns in an ...
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Tax revenue collected by the IRS set to drop by over 10%
The US government could collect significantly less in tax revenue this year, with officials at the Internal Revenue Service ...
Yes, the IRS allows tax deductions on some pet expenses, like service animals
Claims shared online about "exciting news for pet owners" regarding potential tax deductions for animals were somewhat misleading in early 2025.
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 ...
Mass layoffs at US' Internal Revenue Service, civil rights office hit first
The US' Internal Revenue Service is the latest in the line to make sweeping cuts to its workforce. According to Reuters, the ...
The IRS could collect $500 billion less in tax revenue, report says, and the U.S. may run out of cash in a few months without a debt-ceiling hike
An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, ...
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IRS plans to cut up to 25% of staff, starting with closing its civil rights office
The Washington Post first reported on Friday's layoffs at the IRS, which collects revenue and enforces tax ... employees who have not yet gained civil service protection and offered buyouts ...
1IRS Anticipates Over $500B Revenue Shortfall, While Treasury Stares At Potential...
The Internal Revenue Service (IRS) is bracing for a substantial drop in revenue this spring amid payment evasion by ...
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Donald Trump to Launch External Revenue Service: What to Know
The Trump administration is preparing to launch the "External Revenue Service," a new tariff-collecting agency which it hopes ...
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Massive Revenue Shortfall Predicted by IRS
The Internal Revenue Service (IRS) and Treasury Department have projected a tax revenue shortfall of more than $500 billion.