No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 29, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Financial Planning

Tax pro coalition urges Treasury to stabilize IRS amid layoffs

by TheAdviserMagazine
4 months ago
in Financial Planning
Reading Time: 2 mins read
A A
Tax pro coalition urges Treasury to stabilize IRS amid layoffs
Share on FacebookShare on TwitterShare on LInkedIn



A group of tax organizations, including the National Association of Tax Professionals, the National Association of Enrolled Agents, the National Society of Accountants and the National Society of Tax Professionals, has written a letter to Treasury Secretary Scott Bessent urging him to preserve the core tax functions relied on by tax professionals despite cutbacks at the Internal Revenue Service.

In the letter, the groups voiced their concern over reports that over 11,400 IRS employees have left since February, including over 7,000 probationary terminations and 4,000 resignations under the Deferred Resignation Program. These departures amount to approximately 11% of the agency’s workforce and risk disrupting the delivery of vital services. Further cuts are expected later this year and next year as well, although in some cases the IRS has reinstated employees who were terminated amid conflicting court decisions and the demands for tax processing.

“The organizations joining this letter share a deep concern that the recent and ongoing workforce reductions at the IRS will inevitably affect the timely guidance, operational continuity, and practitioner support that the tax system depends on,” said NATP CEO Scott Artman in a statement. “While the full impact may not yet be felt in every area, we know from experience that gaps in communication and support can quickly become burdensome during periods of legislative change and complex filing seasons.” 

The coalition recommended the IRS ensure consistent, timely tax guidance and maintain clear, accessible communication channels for tax professionals, including up-to-date instructions, alerts and procedural tools. It also urged the IRS to accelerate its modernization efforts by investing in digital infrastructure, such as secure portals and automation, to sustain service levels as staffing shifts. The groups also asked the IRS to strengthen its engagement with the tax professional community by formalizing channels for practitioner input and helping the IRS align field implementation with policy objectives. The NATP and the rest of the members of the coalition are asking Bessent for continued collaboration between the IRS and the tax pro community to ensure stable, effective taxpayer service during the transition period.



Source link

Tags: CoalitionIRSlayoffsProstabilizetaxTreasuryurges
ShareTweetShare
Previous Post

General Mills (GIS) all set to report Q4 results. Here’s what to expect

Next Post

The Fed is likely to keep rates the same, but give a forecast that moves markets. What to expect

Related Posts

edit post
How to keep your AI use from violating industry rules

How to keep your AI use from violating industry rules

by TheAdviserMagazine
October 29, 2025
0

Advisors using AI could take a big step toward regulatory compliance if they began every query proposed to ChatGPT or...

edit post
Oasis CEO uses AI to create financial plans, stock analyses

Oasis CEO uses AI to create financial plans, stock analyses

by TheAdviserMagazine
October 29, 2025
0

Oasis Group CEO John O'Connell had just used AI to run an analysis meant to help hypothetical clients decide if...

edit post
Extending Inherited IRA Distributions Beyond 10 Years By Naming Intentionally Non-Designated Beneficiaries

Extending Inherited IRA Distributions Beyond 10 Years By Naming Intentionally Non-Designated Beneficiaries

by TheAdviserMagazine
October 29, 2025
0

Before the SECURE Act was passed in 2019, non-spouse heirs who inherited IRAs could 'stretch' Required Minimum Distributions (RMDs) over...

edit post
Southwest’s New Debit Card Lets You Earn Points

Southwest’s New Debit Card Lets You Earn Points

by TheAdviserMagazine
October 28, 2025
0

Southwest Airlines just launched a Rapid Rewards® Debit Card, and its rewards are pretty generous — for a debit card....

edit post
Advisors still in ‘collective dabbler’ stage of AI adoption

Advisors still in ‘collective dabbler’ stage of AI adoption

by TheAdviserMagazine
October 28, 2025
0

Most financial advisors are still in the "collective dabbler" stage when it comes to adopting artificial intelligence, interested in its...

edit post
How RIAs can land their first high net worth client

How RIAs can land their first high net worth client

by TheAdviserMagazine
October 28, 2025
0

This is the 24th installment in a Financial Planning series by Chief Correspondent Tobias Salinger on how to build a...

Next Post
edit post
The Fed is likely to keep rates the same, but give a forecast that moves markets. What to expect

The Fed is likely to keep rates the same, but give a forecast that moves markets. What to expect

edit post
Renewing your mortgage? A guide for Canadians

Renewing your mortgage? A guide for Canadians

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Here are the five key takeaways from the Fed meeting and Powell news conference

Here are the five key takeaways from the Fed meeting and Powell news conference

0
edit post
Boot Barn outlines .2B sales target and 1,200-store expansion amid raised TAM to B (NYSE:BOOT)

Boot Barn outlines $2.2B sales target and 1,200-store expansion amid raised TAM to $58B (NYSE:BOOT)

0
edit post
Private Equity’s New Exit Playbook

Private Equity’s New Exit Playbook

0
edit post
How Food Industry Lobbyists Keep the Food-Stamp Gravy Train Going

How Food Industry Lobbyists Keep the Food-Stamp Gravy Train Going

0
edit post
ASIC Confirms Stablecoins and Tokenised Assets Fall Under Financial Law

ASIC Confirms Stablecoins and Tokenised Assets Fall Under Financial Law

0
edit post
What Are the Signs of a Fake Rich Person?

What Are the Signs of a Fake Rich Person?

0
edit post
Boot Barn outlines .2B sales target and 1,200-store expansion amid raised TAM to B (NYSE:BOOT)

Boot Barn outlines $2.2B sales target and 1,200-store expansion amid raised TAM to $58B (NYSE:BOOT)

October 29, 2025
edit post
The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely

The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely

October 29, 2025
edit post
How to keep your AI use from violating industry rules

How to keep your AI use from violating industry rules

October 29, 2025
edit post
Here are the five key takeaways from the Fed meeting and Powell news conference

Here are the five key takeaways from the Fed meeting and Powell news conference

October 29, 2025
edit post
Japan’s Biggest Card Firm Joins The Network

Japan’s Biggest Card Firm Joins The Network

October 29, 2025
edit post
What Are the Signs of a Fake Rich Person?

What Are the Signs of a Fake Rich Person?

October 29, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Boot Barn outlines $2.2B sales target and 1,200-store expansion amid raised TAM to $58B (NYSE:BOOT)
  • The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely
  • How to keep your AI use from violating industry rules
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.