The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.

Democrats broke the cycle with the 2022 Inflation Reduction Act signed by President Joe Biden. The law, which passed both the ...

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

Amid the chaos of the shutdown fight, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch ...

Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality. It’s their second successful cut from President ...

In this episode of Tax Notes Talk, Tax Analysts Chief Operating Officer Jeremy Scott reviews the 2024 developments in U.S. tax legislation and speculates what may lie ahead in 2025.

Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

Congress rescinded tens of billions of dollars from a government agency in December that Republicans have long accused of ...

Extending all of the 2017 tax law could add close to $5 trillion to the national debt. To offset the cost, Trump and ...

Washington is geared up for a big debate over trillions of dollars in tax cuts. It’s going to be long, slow and messy. As the ...

See: IRS says it has recovered $4.7 billion in unpaid taxes. Republicans want to cut enforcement funding. Also: Trump's pick for IRS chief would lead an agency he once wanted to scrap. Here's how ...