The new DOGE cuts primarily impact the Small Business/Self-Employed Division, which focuses on compliance for businesses with under $10 million in assets. As a result, those who file their taxes and accountants may face longer wait times for customer service, audit resolutions, and appeals settlements. On the other hand, a reduced IRS workforce could mean a lower risk of audits... | read more >
IRS Layoffs During Tax Season: What It Means for Your Filing and Audits
IRS Layoffs Amid Tax Season: Implications for Your Filing and Audits
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The Social Security Administration (SSA) is also undergoing a significant reorganization, potentially reducing its workforce by half and closing some field offices. These changes aim to prioritize mission-critical roles but may also impact payment processing efficiency, leading to possible delays in benefit payments. While many taxpayers may not rely on Social Security as their primary income source, late payments will still be frustrating. This is especially unfortunate given the SSA’s 89-year track record of making timely payments. While there’s no need to panic now, preparing for possible service disruptions and delays is wise.
How Fed Rate Cuts Could Raise Your Property and Casualty ... and other suggestions
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