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IRS layoffs underway around the country as millions prepare to file taxes

The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash the federal government, sources say.

ABC News - Feb. 20

What Do the Mass IRS Layoffs Mean for Your Business Tax Filings?

The IRS just laid off at least 6,000 employees, which could lead to slower processing times–or lax enforcement.

Inc. - Feb. 21

I.R.S. Fires 6,700 Employees Amid Tax Filing Season

The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.

The New York Times - Feb. 21

Don't wait to file your taxes this season, experts say. Here's why

Nearly one-third of Americans procrastinate filing their taxes. But here's why you shouldn't wait this season, experts say.

CNBC - Feb. 21

What to Know About Filing Your Tax Return as the I.R.S. Sheds Workers

How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems.

The New York Times - Feb. 27

Elon Musk’s DOGE Removes Employees That Created Free Tax-Filing Site

Elon Musk and DOGE deem their jobs as “non critical.”

Inc. - 4d

Do you need to file taxes if you're on Social Security?

Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.

CBS News - 2d

Why Elon Musk is targeting a free tax-filing software package

Musk plans cost-cutting – and Americans will end up footing the bill; the business of immigration surveillance; and a fond farewell to Skype. Hello, and welcome back. In this week’s Techscape: the ...

The Guardian - 2d

Here's how IRS layoffs could impact your tax filing and refund this season

Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.

CNBC - Feb. 21

Trump’s IRS layoffs have some Americans asking: ‘Why bother’ filing taxes this year?

Accountants say some clients are wondering if they should blow off their taxes amid IRS cutbacks.

MarketWatch - Feb. 22

Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say

As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season.

NBC News - 6d

Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say

As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season. But penalties can be costly, experts say.

CNBC - 6d

Email shows that Musk ally is moving to close office behind free tax filing program at IRS

Program is apparently being closed according to email from former Tesla engineer installed in GSA. An Elon Musk ally installed in the US government said in a late night email going into Saturday ...

The Guardian - 4d

If you have a side hustle, start this simple habit now to make filing your taxes easier, CPA says

If you have a side hustle, keeping good records throughout the year can save you a headache come tax time.

CNBC - 4d

DOGE Could Cut the IRS in Half. What Does That Mean for Your Tax Filings?

New reports indicate that Elon Musk may hit the agency with a second round of mass layoffs, and that audits could be abandoned amid the diminished headcount.

Inc. - 18h

The average IRS tax refund is more than 32% lower so far this season, early filing data shows. Here's why

The average IRS tax refund is more than 32% lower so far this season, according to early filing data. Here's what to know.

CNBC - Feb. 26

Mourinho files lawsuit against Galatasaray

Fenerbahce say Jose Mourinho is filing a lawsuit against Galatasaray after the rival club accused him of making racist statements.

BBC News - 5d

When to hire a tax attorney

There are a number of instances in which hiring a tax attorney makes more sense than the alternatives.

CBS News - Feb. 25

Jobless Claims Rise a Little, But Do Not Yet Reflect DOGE Layoffs

Unemployment claims for the week of Feb. 15 were slightly more than expected, but don’t yet reflect the aggressive efforts of Elon Musk’s group.

Inc. - Feb. 20

Review: In the uplifting yet mundane 'The Unbreakable Boy,' a dad finally wises up

Based on the memoir by Scott LeRette, the movie takes on subjects including autism and brittle-bone disease with a faith-based foundation in church and family.

Los Angeles Times - Feb. 20

Pope Francis ‘not yet out of danger’ and to stay in hospital for another week

Chronic illness remains but pontiff, 88, is stable and in good humour, doctor says. Pope Francis, who is in hospital undergoing treatment for double pneumonia, is “not yet out of danger” and will ...

The Guardian - Feb. 21

Pope Francis' medical team says he is not out of danger yet

Pope Francis' medical team provided a health update as he battles pneumonia in both lungs. CBS News senior foreign correspondent Seth Doane reports.

CBS News - Feb. 21

The Rubiales-Hermoso court case revealed so much – and the story is not complete yet

Luis Rubiales’ trial for the non-consensual kiss of Jennifer Hermoso during the medal ceremony of the 2023 Women’s World Cup final lasted a fortnight. Within a week of its conclusion, a verdict was ...

Yahoo Sports - Feb. 24

This is why Trump’s tariff plan has upended the car industry, and it’s not over yet

“No one is breathing easy”: Trump may have paused his plan to slap 25% tariffs on products coming from Canada and Mexico, but the U.S. auto sector is still reeling.

MarketWatch - Feb. 25

Tropical Cyclone Alfred yet to intensify as it lingers off Queensland coast

BoM says category 2 Tropical Cyclone Alfred is about 930km north-east of Mackay and is tracking slowly south through Coral Sea. Follow our Australia news live blog for latest updates Get our ...

The Guardian - Feb. 26

At Lucid, key-person risk is a ‘reality’ investors have yet to understand

The departure of Lucid CEO Peter Rawlinson is a blow to the EV maker that the market has yet to understand, one analyst said.

MarketWatch - Feb. 26

Van Dijk on Prem title race: 'Nothing decided yet'

Liverpool captain Virgil van Dijk insists "nothing is decided yet" in the Premier League title race despite his team moving 13 points clear with a 2-0 win over Newcastle United.

ESPN - 6d

Stephen Curry is defying Father Time yet again | The Kevin O'Connor Show

Seeing Curry's stellar performance at such an age raises an important question: Will we ever see this level of greatness again?

Yahoo Sports - 5d

LeBron's 50,000 points are yet another reminder that he's one of a kind

With LeBron James' latest incredible milestone, it's exhausting to consider the scrutiny he's been under for over 20 years. Who else wants that responsibility?

Yahoo Sports - 1d

To Stop Tariffs, Trump Demands Opioid Data That Doesn’t Yet Exist

A top administration official said that, without new declines in overdose deaths, tariffs on Canada and Mexico were appropriate. But the kind of real-time data he demanded doesn’t exist.

The New York Times - 1d

The stock-market selloff isn’t over yet. Here are 4 reasons why.

The S&P 500 decline has not played out. History suggests it will.

MarketWatch - 18h

Hands-On With GPT-4.5, OpenAI’s Most Powerful Model Yet

The release of OpenAI’s biggest model ever exposes the tension between building artificial general intelligence and making ChatGPT into a truly useful utility.

Wired - 4h

British politics has yet to catch up with Trump’s new order

In a world without US security guarantees, all other priorities must give way to defence

Financial Times - 3h

Businesses Are Betting on a Tax Cut Extension

The federal budget debate has big implications for the economy. Despite questions about the math, investors expect an extension of the 2017 tax cuts.

The New York Times - Feb. 22

Nikola, Electric Truck Maker, Files for Bankruptcy

The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.

The New York Times - Feb. 19

Super Micro shares fall ahead of filing deadline

If Super Micro fails to file the reports, its stock could be delisted from Nasdaq.

CNBC - Feb. 25

Justice Department releases first phase of Epstein files

The Department of Justice (DOJ) released a Thursday packet with a flight log and contact information from Jeffery Epstein, a deceased convicted sex offender, and his circle of friends. “The first ...

The Hill - 6d

AI cloud provider CoreWeave files for IPO

CoreWeave, which counts on Microsoft for close to two-thirds of its revenue, is headed for the public market.

CNBC - 2d

Unpacking the MAGA world uproar over the Epstein files

MAGA World is up in arms after the release of files related to disgraced financier Jeffrey Epstein landed with a thud. The so-called Epstein files are a point of fascination on the right and parts ...

The Hill - 1d

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