News

Shedding thousands of staff and several interim leaders, the IRS faces turmoil under Trump
That’s because Werfel — nominated by former President Joe Biden — was less than two years into his five-year term stipulated ...
IRS turmoil: Leadership churn, worker exodus and threats to groups’ tax-exempt status roil agency
The height of tax season was the height of turmoil at the IRS. The agency has churned through acting directors and is ...
Marketplace1d
Fallout from IRS-ICE data sharing could cost the government billions
If more undocumented immigrants stop filing and begin working outside of the traditional payroll system, the annual gap ...
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 ...
CBS News10d
IRS could cut up to 40% of workforce, memo indicates
The IRS is planning to cut up to 40% of its workforce after Tuesday marked the official end of tax filing season, according to an internal memo ... the IRS to collect revenue and serve taxpayers ...
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 ...
N.C. Revenue offers penalty relief for hurricane victims after IRS extension
The N.C. Department of Revenue (NCDOR) will not assess (or will remove) specific late action penalties on selected state tax ...
JD Supra2d
IRS Proposes Changes to 401(k) Catch-Up Contributions
Our Employee Benefits & Executive Compensation Group discusses what plan sponsors and fiduciaries need to know about the ...