The New York Times reported on March 4, 2025, that the Trump administration is aiming to cut half of the Internal Revenue Service’s workforce by the end of the year. The cuts are reportedly across all divisions of the IRS,...more
3/5/2025
/ Audits ,
Corporate Counsel ,
Federal Employees ,
Government Efficiency ,
Internal Revenue Code (IRC) ,
IRS ,
Payment Plans ,
Penalties ,
Tax Debt ,
Tax Liability ,
Tax Reform ,
Tax Refunds ,
Trump Administration
When the Inflation Reduction Act was passed last year, the legislation included massive funding increases for the Internal Revenue Service (IRS). The initial narratives regarding the funding increases focused primarily on...more
The Inflation Reduction Act of 2022 (IRA) includes increased Internal Revenue Service (IRS) funding in the amount of approximately $80 billion over ten years. According to a Congressional Research Service report, the law...more