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A large majority of chief tax officers at multibillion-dollar companies surveyed by KPMG plan to outsource more work to outside providers over the next few years.
In one of its first actions, the new Republican majority in the U.S. House of Representatives is moving to rescind most of the $80 billion funding allocated to the IRS by the Inflation Reduction Act.
The IRS has made corrections to the tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation that year, and has issued almost $15 billion in refunds.
Hope is dwindling that Congress will reach a budget deal that gives both Democrats and Republicans important policy victories.