News

Shedding thousands of staff and several interim leaders, the IRS faces turmoil under Trump
That’s because Werfel — nominated by former President Joe Biden — was less than two years into his five-year term stipulated ...
IRS turmoil: Leadership churn, worker exodus and threats to groups’ tax-exempt status roil agency
The height of tax season was the height of turmoil at the IRS. The agency has churned through acting directors and is ...
With Harvard Threat, Trump Tries to Bend the I.R.S. to His Will
Since the post-Nixon era, the Internal Revenue Service has had a degree of independence from the White House. President Trump ...
CBS News10d
IRS could cut up to 40% of workforce, memo indicates
The IRS is planning to cut up to 40% of its workforce after Tuesday marked the official end of tax filing season, according to an internal memo ... the IRS to collect revenue and serve taxpayers ...
N.C. Revenue offers penalty relief for hurricane victims after IRS extension
The N.C. Department of Revenue (NCDOR) will not assess (or will remove) specific late action penalties on selected state tax ...
Trump says tariff revenue could replace income taxes. Why economists disagree.
President Donald Trump says "there's a real chance" tariff revenue can replace the income tax. Economists say a full ...
Donald Trump administration asks Internal Revenue Service to strip Harvard of tax-exempt status over campus antisemitism
The Trump administration formally requested the IRS to revoke Harvard University's tax-exempt status, alleging a failure to ...
Tribune Online on MSN8d
Illegal revenue collections have no place in Kogi — Official
Kogi State Internal Revenue Service (KGIRS) has again warned illegal revenue collectors in the state to desist from the unconstitutional act to avoid facing the full wrath of the law.The Executive ...
JD Supra2d
IRS Proposes Changes to 401(k) Catch-Up Contributions
Our Employee Benefits & Executive Compensation Group discusses what plan sponsors and fiduciaries need to know about the ...