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IRS, Elon Musk

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,

New York Post on MSN · 17h

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.

Cryptopolitan on MSN · 7h

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.

Indiatimes on MSN · 12h

'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 Associated Press on MSN · 1d

The IRS is at risk of losing $20 billion in funding without legislative intervention

U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language.

Newsweek on MSN · 1d

IRS Risks Losing $20 Billion Under Donald Trump

U.S. Treasury officials are urging Congress to release $20 billion allocated for IRS enforcement before Trump takes power.

justthenews · 1d

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 fiscal year 2025,” Treasury Deputy Secretary Wally Adeyemo said.

The New Republic on MSN18hOpinion

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 ...

1don MSN

IRS Enforcement Money Has Unexpected $20 Billion Hole

Biden administration officials are rushing to address quirk in congressional funding before they leave office.

SCOTUSblog20h

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 ...

2don MSN

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 ...

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 ...

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 ...

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IRS, Elon Musk

IRS Risks Losing $20 Billion Under Trump

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