Donald Trump to Launch External Revenue Service: What to Know
"We're going to take in a lot of money from the outside and that's going to keep our taxes low," Said President Trump of the ...
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Trump’s IRS cuts may cost $500 billion in lost tax revenue as taxpayers exploit system
WASHINGTON -- Officials are preparing for a possible $500 billion decline in collected tax revenue this year due to ongoing ...
The IRS could collect $500 billion less in tax revenue, report says, and the U.S. may run out of cash in a few months without a debt-ceiling hike
An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, ...
IRS Anticipates Over $500B Revenue Shortfall, While Treasury Stares At Potential Cash Crunch Without Debt Ceiling Increase: Report
The Internal Revenue Service (IRS) is bracing for a substantial drop in revenue this spring amid payment evasion by ...
Tax season is a prime time for scams. IRS uncertainty could add to the issues this year
There’s a lot of information (and money) on the table during tax season. Unfortunately, that also makes it a prime time for ...
Alarming IRS Forecast Reveals a $500B Collapse in Revenue, Threatening US Financial Stability
US Internal Revenue Service (IRS) collections account for 95% of annual federal revenue. However, collections this year could ...
The Latest At The IRS: Personnel Changes, More Staff Reductions
In this episode of Tax Notes Talk, Tax Notes IRS reporter Benjamin Valdez provides an update on the IRS’s recent staffing developments and how they may affect filing season.
Trump Admin's Reported IRS Plan Would Face Legal Challenges: Attorney
Internal Revenue Code (IRC) Section 6103 governs the release of taxpayer information, including names and addresses. This section permits the IRS to share information with other government agencies ...
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Tax revenue collected by the IRS set to drop by over 10%
The US government could collect significantly less in tax revenue this year, with officials at the Internal Revenue Service ...
Tax revenue could drop by 10 percent amid turmoil at IRS
Staff cuts and disruptions related to the U.S. DOGE Service have officials bracing for a sharp loss of revenue.
Tax revenue collected by the IRS set to plummet, report says
IRS officials are expecting tax revenue to drop by more than 10% by April 15, the Washington Post reported. Officials said ...
IRS close to finalizing data-sharing agreement with ICE, sources say
The IRS is nearing an agreement with ICE that would allow immigration officials to use tax data for deportations, two sources familiar with the matter told ABC News.