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Musk, IRS
Elon Musk Asks if IRS Funding Should Be 'Deleted'
Elon Musk has asked social media users if funding for the Internal Revenue Service (IRS) should be "deleted" in a poll on X, formerly Twitter. "The IRS just said it wants $20B more money," Musk, who has been appointed to co-lead the informal Department of Government Efficiency under President-elect Donald Trump,
Will IRS be deleted by DOGE? Elon Musk says...
The IRS just said it wants $20B more money. Do you think its budget should be: Increased, Same, Decreased, Deleted,” Musk asked in the poll. And more
Elon Musk asks if the IRS should be ‘deleted’ after agency ...
The IRS just said it wants $20B more money,” billionaire Elon Musk posted on X, before sharing a poll asking whether the agency should be “deleted” altogether.
Elon Musk says his D.O.G.E is going after the IRS, plans to cut its budget
Elon Musk is coming for one of Washington’s biggest targets: the Internal Revenue Service. Joined by entrepreneur Vivek Ramaswamy, the eccentric billionaire plans to gut the agency’s budget and reimagine how Americans handle taxes.
'Public Has Spoken,' says Musk after asking X users if IRS should be 'deleted'
Elon Musk, set to lead the Department of Government Efficiency (DOGE) under Trump, sparked debate by asking X users if the IRS should be eliminated after it requested $20 billion in additional funding.
IRS Risks Losing $20 Billion Under Trump
The IRS is at risk of losing $20 billion in funding without legislative intervention
U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language.
IRS Risks Losing $20 Billion Under Donald Trump
U.S. Treasury officials are urging Congress to release $20 billion allocated for IRS enforcement before Trump takes power.
IRS may lose $20 billion in funding without congressional action, Treasury officials warn
If they don’t get that $20 billion that is at risk they would run out of enforcement money at the current pace sometime in fiscal year 2025,” Treasury Deputy Secretary Wally Adeyemo said.
Opinion
The New Republic on MSN
15h
Opinion
How the Hell Did Democrats Leave the IRS $20 Billion in the Red?
Democrats forgot to read the fine print on a bill and spoon-fed a huge victory to Republicans who want to kill the IRS. The ...
1d
IRS Announces Another Reporting Change For PayPal, eBay, And Cash Apps
Christmas came early for the second time in a row for many taxpayers and tax professionals. The IRS has announced that it ...
1d
on MSN
IRS Enforcement Money Has Unexpected $20 Billion Hole
Biden administration officials are rushing to address quirk in congressional funding before they leave office.
1d
on MSN
IRS Issues Tax Credit Advice for 2025
Officials have offered advice on how low- and moderate-income taxpayers can save for retirement and potentially earn a tax ...
1d
The $1 Qualified Offer: A Powerful Tool For Taxpayers In IRS Disputes
In a recent court case, three taxpayers succeeded in obtaining an award of their litigation expenses from the IRS even though ...
JournalofAccountancy
2d
IRS again delays effective date of $600 threshold for Form 1099-K reporting
The
IRS
again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the ...
SCOTUSblog
16h
Supreme Court to consider IRS’s claim on pre-bankruptcy tax payments
When someone makes a payment to a creditor shortly before filing for bankruptcy, the Bankruptcy Code requires the creditor to ...
21h
HELP! I Need An EIN From The IRS Before Year-End!
Obtaining a new EIN before year-end can be quite difficult with the online application shutdown. Fortunately, there are ...
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Related topics
Elon Musk
Internal Revenue Service
Tax
Employee Retention Credit
United States Congress
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