IRS extends deadline for electric car buyers to qualify for the $7,500 tax credit
IRS Extends Electric Vehicle Tax Credit Terms The IRS has revised the phase-out rules for federal tax credits related to electric vehicles, allowing buyers a bit more time to take advantage of the $7,500 tax credit. Previously, there was a September 30th cutoff for the tax credit on new electric vehicles, as well as a […]
IRS cryptocurrency leader Trish Turner steps down after only three months in the position.
Trish Turner has stepped down from her role as head of the Internal Revenue Service (IRS) digital assets division, just three months after taking the position. “Having dedicated over 20 years to the IRS, I reflect on my journey with immense gratitude, particularly for the people I’ve worked alongside who play a truly vital role,” […]
IRS Crypto Team Leader Resigns as U.S. Tax Reforms Approaching for Digital Assets
IRS Digital Assets Head Departs Amid New Tax Regulations The leader of the IRS’s digital assets unit, Trish Turner, has stepped down from her role in the private sector, coinciding with the introduction of new tax policies expected to create significant work for agencies regarding cryptocurrencies. It’s unclear who will oversee the office following her […]
IRS pauses layoff plans and considers bringing back some dismissed employees
The Internal Revenue Service (IRS) has decided to halt its plans for layoffs and is focusing on restaffing its workforce. A spokesperson for the Treasury remarked, “The IRS is working to modernize and implement President Trump’s agenda, which includes a significant piece of legislation. Thus, we are dedicated to ensuring that institutions are staffed correctly […]
IRS intends to withdraw certain deferred resignation offers to address important staffing needs.
The IRS has decided to let agents stay in their roles while offering them incentives to leave, responding to worries about a diminished workforce ahead of the upcoming filing season. In a recent email, the agency’s Human Resources Office informed employees that they could opt to retract their resignation applications, which had been put on […]
IRS Memo Shows Sudden Conclusion of Clinton Foundation Investigation in 2019
IRS Closes Clinton Foundation Investigation The IRS unexpectedly halted its investigation into the Clinton Foundation during the early days of the Trump administration. Whistleblower John Moynihan, a retired financial crime analyst, along with tax expert Larry Doyle, submitted extensive materials to the IRS. They pointed out that the Clinton Foundation may have mismanaged its funding, […]
Watchdog reports that the IRS dismissed probationary employees without considering their performance.
IRS Terminations Raise Concerns Over Employee Performance Ratings A recent report from the IRS’ Watchdog revealed that the agency did not factor in employee performance ratings when it terminated thousands of probation employees earlier this year. The Treasury Inspector General for Tax Administration (TIGTA) found that nearly all 7,315 fired probation employees were rated as […]
Treasury Department watchdog uncovers rule violations in IRS termination of probationary staff
The IRS recently faced scrutiny after a Treasury watchdog revealed that it violated its own protocols in firing thousands of employees earlier this year, following directives from the Trump administration. The dismissed workers were not provided proper notice, and their job performance was overlooked during the termination process, as highlighted in a report released last […]
Scott Bessent Visits IRS Amid Ongoing Efforts to Modernize the Agency
Treasury Secretary’s First Meeting with IRS Amid Modernization Efforts Treasury Secretary Scott Bescent recently held his first meeting with the Internal Revenue Service (IRS) as part of the Trump administration’s initiative to reshape the agency. This encounter marks Bescent’s inaugural visit to the IRS since stepping in as a proxy committee member, taking over from […]
The IRS has seen six heads in 2025. Here’s what that means for taxpayers.
IRS Leadership Changes Result in Increased Staffing Issues and Audit Reductions The IRS is currently grappling with significant leadership upheaval, having lost about 25% of its workforce this year alone. With the announcement of a new commissioner, uncertainties abound regarding how these developments will impact American taxpayers. Former committee members and analysts have noted a […]