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,
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 Wants To ‘Delete’ Consumer Financial Protection Bureau
Elon Musk has called for the abolition of the Consumer Financial Protection Bureau (CFPB), branding the agency as redundant. "Delete CFPB," Musk posted on X, aligning with his role in the Trump Administration’s Department of Government Efficiency,
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 New Republic on MSN17hOpinion
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 ...
justthenews1d
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 ...
SCOTUSblog18h
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 ...
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 ...
IRS Enforcement Money Has Unexpected $20 Billion Hole
Biden administration officials are rushing to address quirk in congressional funding before they leave office.
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 ...
Accounting Today21h
IRS faces steep budget cuts without congressional action
The Treasury Department is warning Congress that it needs lawmakers to unlock $20 billion in funding for the Internal Revenue ...
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 ...
JournalofAccountancy2d
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 ...