Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

The IRS has reduced its workforce by more than 25,000 employees, raising serious concerns ahead of a complex 2026 tax season.

In fact, 77% of small business owners reported that federal business income taxes were very or moderately burdensome according to NFIB’s 2021 Tax Survey. This was followed by payroll taxes (69% ...

The IRS is taking steps to relieve the backlog of tax returns. The agency plans to hire 10,000 new full-time workers to play a direct role in that mission, according to Politico. GET FOX BUSINESS ...

T he Internal Revenue Service (IRS) is on the brink of a major transformation as it drafts a plan to cut its workforce by half. This move comes after the agency began President Trump's term with ...

As previously reported by FOX Business, the IRS audited 0.59 percent of individual tax returns, or about 892,000 returns in fiscal 2018 – fewer than the year prior when audits were at their ...

With cuts to the IRS workforce, ... preparer said this likely won’t impact the majority of tax filers. ... says you should see your return and refund if you qualify within 21 business days.