IRS Workforce Cuts, Leadership Departures Ripple Across Agency
Talking Tax7 Touko 2025

IRS Workforce Cuts, Leadership Departures Ripple Across Agency

The IRS right now isn't the same agency it was at the start of this year. That's because about 20% of IRS workers have signaled they want to leave or have been fired. The ripple effects of this exodus could go far, not just for the IRS itself, but for businesses and individual taxpayers trying to file their returns. Roughly half of the 30 people at the top of the IRS organizational chart have left, many because of Trump administration decisions that stretch boundaries of the law. Those departures in particular erode an important layer of defense to the IRS's most important missions: taxpayer data security and a fair tax system, former and current agency officials said. Most recently, two executives brought on to help the IRS build up its enforcement and reporting of digital assets left and were replaced by longtime IRS official Trish Turner. The leadership departures, combined with the broader cuts across different levels of the agency, make it harder for the IRS to collect revenue for the government and provide help to taxpayers. The IRS plans to lean more heavily on technology to make up for the lost workers. In this episode of Talking Tax, Bloomberg Tax reporters Erin Slowey and Erin Schilling discuss who's replacing executives who have left, the impacts of the high turnover, and what happens when workers who want to leave can't. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Jaksot(430)

Grant Thornton Leader Leveraged PE Deal to Raise Audit Bar

Grant Thornton Leader Leveraged PE Deal to Raise Audit Bar

Grant Thornton’s top audit leader is bullish on the practice’s future after a 2024 deal that sold a significant stake in the accounting and advisory firm to private equity investors led by New Mountai...

5 Marras 202520min

Plan to Drop 10-Qs Threatens to Trip Up Analysts' AI Models

Plan to Drop 10-Qs Threatens to Trip Up Analysts' AI Models

A Trump administration push to reduce the frequency of corporate earnings reports risks hurting the accuracy of artificial intelligence-fueled models used by analysts, an accounting adviser said. C...

29 Loka 202517min

 Treasury Is Working to Implement GOP Tax Law Amid Shutdown

Treasury Is Working to Implement GOP Tax Law Amid Shutdown

Despite the ongoing US government shutdown, many at the Treasury Department remain on the job working on guidance related to the July GOP tax law. Those at Treasury handling the international provi...

22 Loka 202516min

Ireland Mulls Tax Options to Stay Competitive in Global Economy

Ireland Mulls Tax Options to Stay Competitive in Global Economy

Ireland has presented a frugal budget for 2026 in the face of uncertainties caused by President Donald Trump's tariff and tax policies. The 15% global minimum tax on corporations and Trump's threa...

16 Loka 202511min

What an IRS CEO Means for Tax Administration, Agency Functions

What an IRS CEO Means for Tax Administration, Agency Functions

Taxpayer advocates are keeping close watch on this week's decision to name Social Security Administration Commissioner Frank Bisignano as CEO of the IRS, and have many questions about what it could me...

8 Loka 202515min

How Transfer Pricing Can Help Fix a Student Athlete Pay Problem

How Transfer Pricing Can Help Fix a Student Athlete Pay Problem

Ever since student athletes gained the right to be compensated for use of their image in advertisements and merchandise sales, the money has flooded in, but so have some problems. While the athlete...

1 Loka 202512min

Hashing Out US-World Tensions on 'Side-by-Side' Global Tax Deal

Hashing Out US-World Tensions on 'Side-by-Side' Global Tax Deal

About three months have passed since Treasury Secretary Scott Bessent announced that the US, along with its Group of Seven allies, agreed to work on a system that would exempt American companies from ...

24 Syys 202513min

How IRS Attorney Departures Will Prolong Cases, Spur Settlements

How IRS Attorney Departures Will Prolong Cases, Spur Settlements

Big job cuts and reductions in resources at the IRS are liable to prolong disputes over tax bills and force the agency to leave money on the table when cases are finally resolved. More than 170 att...

17 Syys 202512min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
rss-ootsa-kuullut-tasta
politiikan-puskaradio
ootsa-kuullut-tasta-2
tervo-halme
viisupodi
rss-podme-livebox
otetaan-yhdet
et-sa-noin-voi-sanoo-esittaa
rikosmyytit
the-ulkopolitist
rss-asiastudio
io-techin-tekniikkapodcast
aihe
rss-pallo-keskelle-2
radio-antro
rss-kovin-paikka
rss-sanna-ukkola-show-verkkouutiset
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset