The Trump administration reportedly plans to cut the Internal Revenue Service's workforce in half, sparking fears of slower refunds, increased hold times, and a crippled agency.
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President Biden's Inflation Reduction Act signed in August 2022 has significantly impacted the IRS, primarily through its establishment of multi-year, obligated funds for the agency. The Act has prompted modernization and restructuring efforts within the IRS, including "tiger teams" that encourage cross-disciplinary interaction to drive…
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The US Internal Revenue Service (IRS) is under scrutiny by Congress with disagreements on its handling of a multibillion-dollar investment. The Republicans argue that the IRS has failed taxpayers and wasted parts of the $80 billion investment Democrats pushed through in the Inflation Reduction Act. However, the Democrats acknowledge the…