Erin Schilling

6 days ago | news.bloombergtax.com | Erin Slowey |Erin Schilling |Rebecca Rainey

About 2,100 of the employees who applied for the Trump administration’s second deferred resignation offer at the IRS were denied, according to a person familiar with the matter. Roughly 20,000 IRS employees applied to take the deferred resignation offer which allows them to be on paid administrative leave through Sept. 30. This is just one of the incentives the Trump administration is giving to entice federal workers to leave and further its effort to shrink the federal workforce.

1 week ago | news.bloombergtax.com | Chris Cioffi |Erin Schilling |Zach Cohen

The man tapped by President Donald Trump to be the next IRS commissioner saw a boost in first-quarter campaign donations, some of which came from donors who list their employers as firms that have promoted tax credits the Treasury Department and IRS have said don’t exist. Former Rep.

1 week ago | news.bloombergtax.com | Martha Mueller Neff |Erin Schilling

What was once considered an “existential threat” to US colleges and other nonprofits is inching closer to reality as the Trump administration moves to withdraw the tax-exempt status of Harvard University.

1 week ago | news.bloombergtax.com | Erin Schilling

A company that has sold tax credits the Treasury Department and IRS have said don’t exist says the program is legitimate, and that Democrats are trying to sabotage Billy Long’s nomination as IRS commissioner by calling for a criminal investigation. White River Energy Corp., a publicly traded oil and gas company, claims it received billions of dollars in so-called sovereign tribal tax credits that wealthy investors could buy for as little as 60 cents on the dollar.

1 week ago | news.bloombergtax.com | Erin Schilling |Martha Mueller Neff

Deep cuts to the IRS workforce mean the agency might have to rely more heavily on technology to keep up taxpayer services and enforcement. Listen here and subscribe to Talking Tax on Apple Podcasts, Spotify, Megaphone, or Audible. The IRS is set to lose 20,000 workers after the Trump administration’s second deferred resignation offer. That’s in addition to thousands who have already left or are on administrative leave.