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IRS, congress
IRS may lose $20 billion in funding without congressional action, Treasury officials warn
If they don’t get that $20 billion that is at risk they would run out of enforcement money at the current pace sometime in fiscal year 2025,” Treasury Deputy Secretary Wally Adeyemo said.
The IRS is at risk of losing $20 billion in funding without legislative intervention
U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language.
IRS faces steep budget cuts without congressional action
The Treasury Department is warning Congress that it needs lawmakers to unlock $20 billion in funding for the Internal Revenue Service that could be rescinded due to ambiguous legislative language.
IRS Risks Losing $20 Billion Under Donald Trump
U.S. Treasury officials are urging Congress to release $20 billion allocated for IRS enforcement before Trump takes power.
IRS Faces a Surprise $20 Billion Funding Crunch
The Treasury Department is warning that $20 billion for Internal Revenue Service enforcement efforts is effectively frozen as the result of legislative language used in the stopgap law passed to fund federal agencies through December 20.
2h
on MSN
Elon Musk asks if the IRS should be ‘deleted’ after agency ...
The IRS just said it wants $20B more money,” billionaire Elon Musk posted on X, before sharing a poll asking whether the ...
Opinion
The New Republic on MSN
8h
Opinion
How the Hell Did Democrats Leave the IRS $20 Billion in the Red?
Democrats forgot to read the fine print on a bill and spoon-fed a huge victory to Republicans who want to kill the IRS. The ...
SCOTUSblog
9h
Supreme Court to consider IRS’s claim on pre-bankruptcy tax payments
When someone makes a payment to a creditor shortly before filing for bankruptcy, the Bankruptcy Code requires the creditor to ...
1d
on MSN
IRS Enforcement Money Has Unexpected $20 Billion Hole
Biden administration officials are rushing to address quirk in congressional funding before they leave office.
JournalofAccountancy
2d
IRS again delays effective date of $600 threshold for Form 1099-K reporting
The
IRS
again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the ...
1d
IRS Announces Another Reporting Change For PayPal, eBay, And Cash Apps
Christmas came early for the second time in a row for many taxpayers and tax professionals. The IRS has announced that it ...
1d
on MSN
IRS Issues Tax Credit Advice for 2025
Officials have offered advice on how low- and moderate-income taxpayers can save for retirement and potentially earn a tax ...
1d
on MSN
Biden Administration Wants To Protect IRS Funding As Budget Deadline Nears
Treasury’s deputy secretary warned that the U.S. could lose $140 billion over a decade if it ends a recent funding boost to ...
14h
HELP! I Need An EIN From The IRS Before Year-End!
Obtaining a new EIN before year-end can be quite difficult with the online application shutdown. Fortunately, there are ...
2d
on MSN
IRS Issues Advice Ahead of 2025 Tax Season
The agency is advising American taxpayers to take advantage of various online tools on its website to help with filing taxes.
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Elon Musk
Internal Revenue Service
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