Over the past five months, there have been some major changes to the tax code that could impact the amount you pay and how effectively you use the money in your Thrift Savings Plan, if at all.
The IRS faces a three-pronged challenge: disbursing stimulus checks, extending the tax filing season to July 15 and carrying all of this out with about half of its employees working from home.
A retired Navy captain and IRS worker described the possible hazards of moving to a tax-free state to shop in a state with no sales tax.
Despite a big jump in population responsibilities and major changes, the number of federal workers is about the same as it was decades ago.
The past few months have been particularly challenging for the IRS, with budget ups and downs, a long government shutdown and a complex new tax code.
The timing of the third shutdown of 2018 and the implementation of 2017 tax reform created major paycheck and cash flow problems for tens of thousands around the nation.
While Congress has taken steps Wednesday to introduce another continuing resolution and avoid a partial government shutdown, the IRS is prepared to furlough the vast majority of its workforce if lawmakers fail to fund agencies past the Friday midnight deadline.
The IRS faces a particularly challenging rollout to the 2019 filing season, best summarized in four words: more work, fewer employees.
The Internal Revenue Service faces an uphill battle in preparing for the next filing season, according to National Taxpayer Advocate Nina Olson.
As the IRS looks to implement its new long-term strategy and sees a spending boost on the horizon from Congress, David Kautter, the agency’s acting commissioner, plans to hire 1,700 full-time additional employees ahead of next year’s tax filing season.