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Republicans Quietly Axed IRS Funding While No One Was Looking
Amid the chaos of the shutdown fight, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch it.
Republicans strip IRS of another $20 billion in government shutdown fight
Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government shutdown, a cut that may undo many of President Joe Biden’s efforts to improve customer service at the tax agency and train fresh scrutiny on wealthy tax cheats.
Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.
Over $20 billion meant to strengthen the Internal Revenue Service’s long-term enforcement efforts remains frozen and inaccessible as a result of the legislation President Joe Biden signed Saturday.
4h
on MSN
IRS to send unclaimed tax rebates to 1M Americans
The IRS is sending about 1 million eligible American taxpayers a payment this month for the pandemic-era Recovery Rebate ...
Hosted on MSN
10h
FCT-IRS records N252.83bn from internally generated revenue in 2024
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced a record collection of N252.83 billion in ...
2d
How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit
Billy Long worked with Lifetime Advisors, a company that solicited clients to claim a pandemic-era tax credit that the I.R.S.
Nigerian Tribune
10h
EIRS debunks alleged decline in Edo revenue collection
Management of the Edo State Internal Revenue Service (EIRS), on Thursday, said that there is no iota of truth about the claim ...
2d
on MSN
Shutdown deal cost IRS $20 billion to probe for tax cheats, maybe for good
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined ...
2d
Yes, the IRS is sending out unclaimed stimulus payments
Approximately 1 million taxpayers will automatically receive special stimulus payments of up to $1,400 from the IRS via ...
Accounting Today
2d
IRS to send out $2.4B for unclaimed credits
The Internal Revenue Service plans to send automatic payments later this month to eligible taxpayers who did not claim the Recovery Rebate Credit on 2021 returns.
PM NEWS Nigeria
2d
Okpebholo tightens revenue rules, declares war on cash transactions
Ikhilor emphasised that only EIRS-licensed agents are authorised to collect revenue, following a system developed ...
7h
on MSN
The IRS is about to lose $20 billion in funding unless 1 thing happens soon — here’s what needs to be done and why that’s a problem for all Americans
When the IRS starts asking for money, many Americans get nervous. This time, though, the Internal Revenue Service isn’t ...
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IRS
Recovery Rebate Credit
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