Editorial: Stop IRS from criminalizing small business
The Corporate Transparency Act, passed by Congress in 2021 and signed by former President Joe Biden, requires all business with less than $5 million in annual revenues and fewer than 20 employees to submit a detailed accounting of anyone who has interest or influence in their companies, whether or not they have a legal ownership stake.
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Over 6,000 IRS employees expected to be terminated by end of week
Over 6,000 Internal Revenue Service employees are expected ... The email was sent to managers of the IRS Small Business/Self-Employed Division Wednesday, and it says that the affected SBSE ...
Trump administration's IRS job cuts could delay refunds, impact small business services
The move by the Trump administration will shrink the agency’s workforce by about 6%. In the past few years, Congress has awarded the IRS billions of dollars. Experts worry this could undermine taxpayer compliance.
Akron-area tax preparers expect longer delays, fewer audits of wealthy after IRS cutbacks
The firing of 6,000 employees at the Internal Revenue Service will mean frustrating wait times for those seeking call center help, tax preparers say.