Tag: Internal Revenue Service
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IRS Workforce Reductions
The Internal Revenue Service went from 103,000 employees in January 2025 to approximately 77,000 in May 2025 (a 25% reduction). According to IRS records, more than 25,000 employees either separated, accepted a deferred resignation program offer, or took some other incentive to leave. These departures represent 25% of the IRS’s workforce and impact certain job…
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One Big Beautiful Bill Act
One Big Beautiful Bill Act: Tax deductions for Working Americans and Seniors FS-2025-03, July 14, 2025 Below are descriptions of new provisions from the One Big Beautiful Bill Act, signed into law on July 4, 2025, as Public Law 119-21, that go into effect for 2025. No Tax on Tips New deduction: Effective for 2025…
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We Want to File Your Taxes
Although we are out of appointment slots, we can still file your taxes. Call the office and ask for us to file an extension. We will review your file and call you to discuss if we think you should pay an estimate electronically by direct debit with the extension. We had more than 1,000 calls…
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The Evolution of Income Tax in the United States
A Historical Perspective Introduction The history of income tax in the United States is a fascinating journey that reflects the nation’s evolving economic policies, social values, and the complex relationship between government funding and taxpayer rights. This exploration provides a comprehensive understanding of how income tax has shaped and been shaped by American society over…
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Internal Revenue Service
The Internal Revenue Service has made many changes in recent years, improving tax processing systems, increasing electronic filing and payment options, and expanding services available on IRS.gov for taxpayers and tax professionals. But the needs of taxpayers, the tax community and the nation continue to rapidly evolve, and it’s clear the IRS needs to look…