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IRS penalties? You might qualify for tax relief if you've complied in the last 3 years
Taxpayers facing IRS penalties may find relief if they've maintained a clean record over the past three years. This potential ...
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, ...
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 ...
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 considers rescinding Harvard's tax-exempt status, something Trump floated
"Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST!" President Trump wrote on Truth Social ...
Trump administration reportedly plans to eliminate IRS Direct File program
After its rollout, 90% of users surveyed ranked their experience as excellent or above average but the program has faced ...
Latest IRS acting chief ousted amid Musk vs. Bessent turf feud
President Donald Trump is replacing the fourth IRS chief this year amid complaints by Treasury Secretary Scott Bessent that he was not consulted on the appointment after Elon Musk recommended the ...