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Republicans strip IRS of another $20 billion in government shutdown fight
Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government shutdown, a cut that may undo many of President Joe Biden’s efforts to improve customer service at the tax agency and train fresh scrutiny on wealthy tax cheats.
Republicans Quietly Axed IRS Funding While No One Was Looking
During last week’s negotiations to avert a government shutdown, Congress quietly slashed $20 billion from the Internal Revenue Service. Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality.
Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.
Over $20 billion meant to strengthen the Internal Revenue Service’s long-term enforcement efforts remains frozen and inaccessible as a result of the legislation President Joe Biden signed Saturday.
2h
on MSN
IRS to send unclaimed tax rebates to 1M Americans
The IRS is sending about 1 million eligible American taxpayers a payment this month for the pandemic-era Recovery Rebate ...
2d
on MSN
IRS says 1 million taxpayers will get up to $1,400 rebate
The Internal Revenue Service (IRS) said around 1 million taxpayers will get up to $1,400 in a rebate in the coming weeks. The ...
Daily Post Nigeria
9h
FCT-IRS records N252.83bn from internally generated revenue in 2024
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced a record collection of N252.83 billion in ...
Nigerian Tribune
8h
EIRS debunks alleged decline in Edo revenue collection
Management of the Edo State Internal Revenue Service (EIRS), on Thursday, said that there is no iota of truth about the claim ...
JD Supra
8d
Internal Revenue Service Criminal Investigation (IRS-CI) Reports Billion Dollar Impact
Internal Revenue Service Criminal Investigation (IRS-CI) recently released its Fiscal Year 2024 (FY24) Annual Report, ...
1d
on MSN
Thinking of buying an EV? You might want to move quickly
The best time to buy an electric vehicle may be right now. That's because a $7,500 federal tax credit could soon disappear.
PM NEWS Nigeria
1d
Okpebholo tightens revenue rules, declares war on cash transactions
Ikhilor emphasised that only EIRS-licensed agents are authorised to collect revenue, following a system developed ...
Nairametrics
6d
FCT-IRS records N252.83billion from internally generated revenue in 2024
The Federal Capital Territory Internal Revenue Service (FCT-IRS) announced a record collection of N252.83 billion in ...
5h
on MSN
The IRS is about to lose $20 billion in funding unless 1 thing happens soon — here’s what needs to be done and why that’s a problem for all Americans
When the IRS starts asking for money, many Americans get nervous. This time, though, the Internal Revenue Service isn’t ...
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IRS
Recovery Rebate Credit
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