This Underused IRA Option Offers Tax Benefits and Income Security
Looking to avoid running out of money in retirement? Consider longevity protection provided by a QLAC as a component of your ...
Kiplinger12d
Could ERC Delays Get Worse if Trump Downsizes the IRS?
President Donald Trump’s attempt to hollow out the IRS workforce revealed a major flaw. Who’s going to process millions of tax returns in their absence? The Trump administration fired ...
Marketplace18d
Cost savings at the IRS come at a high price
We’re continuing to follow reports that the Donald Trump administration has fired more than 6,000 IRS workers, many of them in collections and enforcement. The administration said it’s doing ...
Marketplace18d
At the IRS, cost-cutting comes with a cost
The money the IRS spends on tax collection helps it pull in more money from taxpayers. How will layoffs impact the agency's ROI? The newly established Center for Heterodox Economics aims to ...
Newsday20d
IRS staff reductions nationwide trigger layoffs in Holtsville branch, employees say
It was written by Figueroa Hernandez. Employees at the Holtsville branch of the Internal Revenue Service said staff reductions were ongoing Thursday, as the Trump administration moves to downsize ...
Today21d
When will I get my IRS refund after filing my taxes? What to know
The Internal Revenue Service began accepting tax returns on Jan. 27, and it has already received more than 23 million returns as of the beginning of February. That means millions of people are ...
Business Insider21d
Clear Start Tax Explains How to Qualify for the IRS Fresh Start Program in 2025
IRVINE, CALIFORNIA / ACCESS Newswire / February 21, 2025 / As tax season approaches, millions of Americans struggling with IRS debt are looking for solutions to regain financial stability.
Boston Herald21d
IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say
WASHINGTON (AP) — The layoffs of roughly 7,000 IRS probationary workers beginning this week likely mean the end of the agency’s plan to go after high-wealth tax dodgers and could spell ...
CBS News21d
Over 6,000 IRS employees expected to be terminated by end of week
Over 6,000 Internal Revenue Service employees are expected to be terminated by the end of this week, according to a source familiar with the agency's plans. More than half of these employees ...
Business Insider22d
Clear Start Tax Warns Taxpayers of IRS Staffing Cuts That Could Delay Tax Filings in 2025
What You Need to Know About Potential IRS Processing Delays and How to Avoid Them IRVINE, CALIFORNIA / ACCESS Newswire / February 20, 2025 / As tax season ramps up, taxpayers may face longer ...
UPI22d
More than 6,000 IRS workers to be laid off before end of week
Feb. 20 (UPI) --At least 6,000 federal employees of the Internal Revenue Service were expected to receive termination notices by the end of Friday, just ahead of the peak March-April tax filing ...