In the first 200 days of Trump’s second term, the IRS has faced leadership turnover, budget cuts, and staffing reductions. Read more for our 5 takeaways from 2025 so far.

The probationary employees were going to bring “younger, new people into the organization that hopefully would have a longer shelf life or career,” said Hansen Rada, CEO of Tax Guard, a provider of IRS tax data services.

“I’ve seen numbers of 20%, I’ve seen numbers of 30%, I’ve seen numbers of 50%,” said Tax Guard CEO Hansen Rada. “It’s really difficult to tell what is true, and I don’t think anybody knows, because the proposal has been private, so there is definitely a giant question mark as to how strong the IRS will be going forward.”

“The Treasury put out a statement that if there were a shutdown, they were going to fund the IRS through April 30, with all of it 100% open, which means it would not cause a problem for the f iling season, but then after April 30, the IRS would go to zero,” said Tax Guard CEO Hansen Rada. “Based on the Treasury’s announcement yesterday, it looks like they would get through the filing season and then shut it all down.”

“There will be lending that will stop through the SBA,” says Hansen Rada, the co-founder and CEO of Tax Guard, which provides real-time tax data to lenders. “But I think the greatest impact will be a long tail, which is the IRS then having to catch up during tax season.”

Rachel Libowitz, Senior Tax Advisor, and Jason Peckham, Vice President of Resolutions, recently shared their insight with the International Factoring Association to provide an update on the current state of the Employee Retention Credit program.

The Treasury Department is warning Congress that it needs lawmakers to unlock $20 billion in funding for the Internal Revenue Service that could be rescinded due to duplicative legislative language.

The House Appropriations Committee released a fiscal 2025 spending bill that would cut IRS funding by 18%. Read on for recommendations from Tax Guard’s CEO. Published by the Federal News Network.

The $80 billion recently allotted to the IRS over the next decade should offer much-needed technological upgrades and improved hiring efforts, allowing for more auditors and customer service professionals. What’s the catch? Read more to find out.

Frustration with the IRS—it’s practically an American tradition. Read insight from Tax Guard’s CEO on the IRS’s $80 billion allotment on Government Executive.

Kickstarting the fight against the ever-growing tax gap will be a federal and national effort IRS Commissioner Charles Rettig recently testified before Congress about the state of the tax gap …

On July 1, 2019, The Taxpayer First Act of 2019 was signed into law, which aims to broadly redesign the Internal Revenue Service. Many lenders are potentially affected by the …