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, wrote on X.
Elon Musk asks if the IRS should be ‘deleted’ after agency begs for $20 billion
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' a federal agency designed to prevent another financial crisis and protect people from scams
Republicans and the banking industry have accused the CFPB of regulatory overreach because it doesn't follow the usual congressional budget process.
Elon Musk wants to ‘delete’ federal financial watchdog as ‘DOGE’ begins work
Delete CFPB,” the billionaire tech executive running the “Department of Government Efficiency” said in an early-morning post on X.
Trump Ally Elon Musk Calls for Abolishing Consumer Finance Watchdog
Elon Musk, tapped by the incoming administration to slice federal spending, called for the abolition of the Consumer Financial Protection Bureau early Wednesday. “Delete CFPB,” Musk said in a post on X,
2 Tax Preparers Indicted for $65 Million COVID-Relief Scheme
The pair were indicted on more than 50 counts, including wire fraud, money laundering, preparing false tax returns and ...
IRS Enforcement Money Has Unexpected $20 Billion Hole
Biden administration officials are rushing to address quirk in congressional funding before they leave office.
SCOTUSblog21h
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 ...
Accounting Today23h
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 ...
IRS funding cut would increase US deficit, slow service
Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by ...
FedScoop6d
IRS’s AI voicebots and chatbots have room to grow, advisory panel says
An Internal Revenue Service Advisory Council report delivered eight recommendations to the agency on its AI-enabled customer ...
Accounting Today1d
Notable 401(k) and IRA plan changes for 2025
The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will ...
ABC15 Arizona12h
Bipartisan group of Arizona lawmakers looking to get tax rebate before end of year
More than 700,000 households in Arizona are missing money from their bank accounts, according to three of Arizona's members ...
businessday4h
Anambra targets N10bn monthly revenue from taxes
The Anambra State Internal Revenue Service (AIRS) has set a target of N10 billion monthly income from tax payments. Greg ...