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Pra-chid | Istock | Getty Images The second-quarter estimated tax deadline is June 16 — and on-time payments can help you avoid “falling behind” on your balance, according to the IRS. Typically, quarterly payments apply to income without tax withholdings, such as earnings from self-employment, freelancing or gig economy work. You may also owe payments…
President Trump said on Friday that Harvard would lose its tax-exempt status, repeating his intent to enlist the Internal Revenue Service in his feud with the wealthy research university and upend the school’s finances. “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Mr. Trump wrote on social media….
A traffic light is red outside the U.S. Internal Revenue Service (IRS) building after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency’s resources during the critical tax-filing season, in Washington, D.C., Feb. 20, 2025. Kent Nishimura | Reuters Around 20,000 Internal Revenue Service employees…
About 22,000 employees at the Internal Revenue Service have signed up for the Trump administration’s latest resignation offer, according to four people familiar with the matter, an exodus that could weaken the agency’s ability to collect taxes. The I.R.S. had about 100,000 employees before President Trump took office. Roughly 5,000 employees have resigned since January,…
The acting head of the Internal Revenue Service plans to resign, the Treasury Department said on Tuesday, a move that comes after the agency struck a controversial deal to share tax data on undocumented immigrants with federal agents. Commissioner Melanie Krause will become the tax-collecting agency’s third leader to exit since the start of the…
For some federal employees, returning to the office has meant an expansion of their duties to include cleaning toilets and taking out the trash. For others, it has been commuting to a federal building only to continue doing their work through videoconferencing. Some showed up at the office just to be sent home. Others showed…
The Internal Revenue Service is preparing to help homeland security officials locate immigrants they are trying to deport, according to three officials familiar with the matter, in a shift toward using protected taxpayer information to help President Trump’s mass deportation push. Under a draft of an agreement between the I.R.S. and the Immigration and Customs…
Beth Crowell was proud to work for the Internal Revenue Service. She had spent much of her career as an accountant for large corporations, gaining intimate knowledge about how they do — and sometimes don’t — pay the taxes they owe. Working for the I.R.S. in Colorado, she hoped to put her skills to a…
The Internal Revenue Service is preparing to shed as much as 50 percent of its staff, according to four people familiar with the matter, a significant cut that could jeopardize the agency’s ability to complete its basic mission of collecting taxes. The I.R.S. started the Trump administration with roughly 100,000 employees. It has already laid…
The Trump administration started firing about 6,700 employees at the Internal Revenue Service on Thursday, according to people familiar with the matter, extending its cost-cutting measures to the federal agency responsible for collecting tax revenue from millions of Americans. The job cuts at the I.R.S. are hitting probationary employees who were recently hired around the…
