A traffic light is red outside the U.S. Internal Revenue Service (IRS) building after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency's resources during the critical tax-filing season, in Washington, D.C., February 20, 2025.
IRS faces massive cuts as audit rates plunge
Smerconish

Texas Tech University law professor Bryan Camp addresses how audit rates and tax revenues will drop if the Trump administration makes the largest workforce reduction in history at the IRS.

05:29 - Source: CNN
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A traffic light is red outside the U.S. Internal Revenue Service (IRS) building after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency's resources during the critical tax-filing season, in Washington, D.C., February 20, 2025.
IRS faces massive cuts as audit rates plunge
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