IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say
Experts say the layoffs of roughly 7,000 IRS probationary workers likely mean the end of the agency’s plans to go after high-wealth tax dodgers and could spell disaster for revenue collections.
Trump and DOGE Will Reportedly Lay Off Thousands of IRS Workers – ‘Likely Targeting Tax Collection’
The “Department of Government Efficiency” is set to hobble the ability of the Internal Revenue Service to collect taxes, The Washington Post reported on Friday. President Donald Trump and his billionaire benefactor Elon Musk are expected to lay off thousands of workers at the IRS as part of DOGE’s ostensible mission to reduce the federal
How The IRS Layoffs Could Affect Your Tax Refund
The recent Internal Revenue Service layoffs could delay or cause mistakes in taxpayers' refunds, but turning in their 2024 tax refunds timely, correctly, and electronically could prevent issues. As part of President Donald Trump’s mission to reduce the federal government’s expenses,
IRS will lay off thousands of probationary workers in the middle of tax season
The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could come as soon as next week.
IRS begins layoffs, as DOGE cuts collide with tax season
The IRS started laying off employees on Thursday, just as tax season kicks in to high gear. Why it matters: The terminations, reportedly of 6,000 relatively new workers at the agency, are part of President Trump's broader purge of the federal workforce.
IRS layoffs could remove barriers to the wealthy underreporting taxes
DOGE has started firing thousands of IRS workers, right in the middle of tax season. Why it matters: The move is likely to decrease the effect that restrains wealthier Americans from underreporting their taxable income.
IRS Tax Return: Will IRS layoffs delay refund, affect revenue collection?
Tax refunds may be delayed due to IRS staffing cuts, prompting experts to urge early filing. Meanwhile, layoffs of 7,000 IRS workers could weaken tax enforcement, with a Congressional Budget Office report warning that funding cuts may significantly reduce federal revenue and increase the deficit.
DOGE Layoffs Pose ‘Growing’ Risk To U.S. Economy And Markets, Says Apollo Economist
DOGE job cuts could number one million, according to Torsten Slok, chief economist at Apollo Global Management.
IRS starts mass layoffs, with 7,000 expected to lose their jobs
About 7,000 employees are expected to lose their jobs at the tax agency, according to a person familiar with the decision.
6,000 IRS Employees Fired in Latest Round of Trump Cuts
A tearful executive at the U.S. Internal Revenue Service told staffers on Thursday that about 6,000 employees would be fired, ...
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How many federal workers has DOGE laid off?
The new administration, along with DOGE and Musk, created a federal buyout program that offered government employees the ...
Will there be a DOGE stimulus check? What to know about whether Americans will get some cash
The CEO of investment firm Azoria lobbied DOGE figurehead Elon Musk to have the department issue stimulus checks from some of ...
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Potential unemployment surge at the IRS as DOGE layoffs loom
As the IRS prepares for potential layoffs of thousands, uncertainty looms around the impact of the DOGE on American taxpayers ...
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IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers
The Trump administration and its Department of Government Efficiency have targeted the Internal Revenue Service. WASHINGTON — The layoffs of roughly 7,000 IRS probationary workers beginning ...