News

The IRS has lost almost one-third of its tax auditors after 2 months of DOGE cuts, report says
The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government ...
The IRS Lost a Third of Tax Auditors Due to DOGE Cuts: How This Could Impact Taxpayers
One of the more controversial (and potentially consequential) aspects of President Donald Trump’s second administration is the formation and implementation of the Department of Government Efficiency ...
MiBolsilloColombia on MSN3d
Trump's IRS layoffs: A quiet tax cut for the richest 1%
The Trump administration's significant cuts to the IRS workforce have sparked concerns about reduced public revenue and a ...
Explícame on MSN16d
IRS could lay off more than 30,000 employees in August, replace them with AI
The IRS is set to undergo a significant transformation by reducing its workforce by 40%, which follows previous layoffs, raises concerns about the future of taxpayer services and the agency's ...
Sportskeeda6d
"Nine years to audit you"— Shark Tank's Kevin O'Leary shares risk clause targeting PPP and ERC recipients in new legislation
Kevin O'Leary, a prominent investor and entrepreneur on Shark Tank, has drawn attention to a provision in new legislation ...
Center for American Progress15d
The Fiscal Impact of IRS Staffing Cuts
In past work with Natasha Sarin, I estimated the impact of investing ... effects of IRS enforcement. In their 2024 journal article, “A Welfare Analysis of Tax Audits Across the Income ...
IRS Says To Disclose Aggressive Tax Positions. Is It An Audit Trigger?
Disclosure is a type of extra explanation. You are required to disclose enough detail to tell the IRS what you are doing. But ...