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Republicans strip IRS of another $20b in government shutdown fight
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal.
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.
3h
Who qualifies for $1,400 IRS stimulus checks? Why are they being sent? Here's what to know
The Internal Revenue Service said Friday that one million taxpayers are set to receive about $2.4 billion in stimulus checks ...
1h
Other voices: Reducing the IRS enforcement budget is bad policy
The fantasy that some political actors painted of armed IRS agents going door-to-door clawing away families’ hard-earned cash ...
6h
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 ...
1h
on MSN
IRS to issue payments to eligible Californians, others who did not claim credit
The Internal Revenue Service will issue payments to one million eligible people who didn't claim the Recovery Rebate Credit ...
Accounting Today
3h
IRS left sensitive paper documents exposed before destroying them
The Internal Revenue Service's program for destroying sensitive paper documents needs to be improved after inspectors found ...
2d
How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit
Billy Long worked with Lifetime Advisors, a company that solicited clients to claim a pandemic-era tax credit that the I.R.S.
Hosted on MSN
12h
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 ...
Accounting Today
2h
Private debt collectors recovered fraction of tax debts
Private collection agencies have recovered only about $2.4 billion in tax debt payments since April 2017 out of the $64.9 ...
Nigerian Tribune
12h
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 ...
9h
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
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Joe Biden
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