Trump wants to ‘abolish’ the IRS and replace it with tariffs. Can it work?
No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in ...
IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say
The layoffs of roughly 7,000 IRS probationary workers beginning this week likely mean the end of the agency's plan to go ...
DOGE to layoff 7,000 IRS employees from today as Trump administration doubles down on federal job slash
Around 7,000 employees of the Internal Revenue Service of the United States are set to lose their jobs starting Thursday. The ...
Trump’s Tax Cuts: Widowed Individuals Should Consider Portability Now
Widowed individuals need to take proactive steps to secure the Deceased Spousal Unused Exclusion Amount election, also known ...
Denver workers lose jobs as part of sweeping nationwide layoffs at IRS
The Inflation Reduction Act, signed into law by President Joe Biden in 2022, gave the IRS $80 billion and the ability to hire ...
How paychecks would change in each state if Trump erased federal income tax
President Trump has indicated he’d like to do away with the federal income tax, replacing it with tariffs and other taxes on foreign nations. What would that mean for the average taxpayer? In a ...
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IRS reviews and seizes bank accounts that do not comply with these rules
Americans face the crucial task of filing their taxes, a process that involves the IRS, the nation's tax authority. This article delves into the IRS's role in tax compliance and the serious ...