The IRS is preparing to reduce its workforce by as much as 50% during the busy tax season, putting approximately 45,000 jobs at risk. This move, part of President Trump's downsizing strategy for federal agencies, raises concerns about the IRS's capability to efficiently process millions of tax returns and audits, potentially leading to longer wait times for refunds. IRS officials are expected to submit a workforce reduction plan by March 13, but the specifics regarding timing and departments affected remain unclear. Recent layoffs include around 7,000 probationary employees and incentivized resignations from thousands more.
The IRS's planned workforce cuts could jeopardize the agency's ability to process tax returns and conduct audits efficiently, leading to longer wait times for refunds.
By March 13, IRS officials are required to present a reduction plan to the White House, which raises concerns about the timing and impact of potential layoffs.
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