Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. The Internal Revenue Service is warning more than 1 million taxpayers to file their 2021 tax returns by April 15 or risk losing more than $1 billion in unclaimed refunds. There is no penalty for failure to file if a refund is due. However, a return claiming a refund must be filed within three years of its due date for a refund to be allowed. After three years, the IRS typically does...

The Trump administration, in forcing the IRS to share its secret-by-law tax information with immigration enforcement authorities, is breaking with decades of precedent and almost certainly violating federal law. The IRS leadership, including Acting Commissioner Melanie Krause, is headed for the exits for such a lawless breach. There are a lot of things that differentiate the U.S. government from many more openly authoritarian ones around the world and one of them is that your info is protected. So the vast troves of data that the government collects for all manner...

Today on the show, we discuss why the IRS is sharing some taxpayer information, why bonds and stocks both fell, and how robots will replace you,or at least most of your chore wheel, in the near future.

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Why are stocks and bonds both falling?

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

The acting chief of the Internal Revenue Service is resigning from the role after Donald Trump’s administration struck up a deal for the agency to share undocumented immigrants’ taxpayer data with the Department of Homeland Security. A deal from Treasury Secretary Scott Bessent allows Homeland Security Secretary Kristi Noem to collect confidential IRS data for immigration enforcement as part of Trump’s deportation blitz. The administration filed a redacted version of the agreement in court filings. Melanie Krause — who is the third acting IRS commissioner under Trump — reportedly had...

The acting commissioner of the Internal Revenue Service is planning to step down following a deal with the Department of Homeland Security to allow ICE to access taxpayer information to locate illegal immigrants subject to deportation, reports say. Melanie Krause, who will participate in a deferred resignation program offered to IRS employees by the Trump administration, was bypassed in the agreement signed Monday between Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem, the Washington Post reported, citing people familiar with the matter.

The IRS finalizes a deal to share tax information with immigration authorities WASHINGTON — The Internal Revenue Service has reached an agreement with immigration authorities to share tax information about some immigrants without legal status, marking a major change in how tax records can be used. The between the IRS and U.S. Immigration and Customs Enforcement was signed on Monday and made public the same day in a court filing. It's not clear when information-sharing between the two agencies will begin. Under the terms of the deal, ICE officers can...

A Bloated IRS Prepares Cutting Workforce By 25% Nearly two months after a top Department of Government Efficiency (DOGE) official and support team arrived at IRS headquarters to investigate waste and fraud—aiming to streamline a bloated and corrupt federal bureaucracy—the Trump administration has begun a sizeable workforce reduction across the federal agency. Fox News reported late Friday evening that the IRS will begin laying off about 20,000 staffers — up to 25% of the workforce — on Friday and through next week. Most job cuts will center around the IRS...

The Internal Revenue Service plans to eliminate nearly a quarter of its workforce in layoffs starting Friday, according to records obtained by The Washington Post and people familiar with the plans, shedding roughly 20,000 jobs as part of plans from President Donald Trump and Elon Musk’s cost-cutting team, the U.S. DOGE Service. The agency began Friday by announcing it would eliminate its Office of Civil Rights and Compliance, firing roughly 130 employees from a division responsible for protecting taxpayers from discrimination in the tax code, audits and investigations.

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. The Internal Revenue Service (IRS) has issued a reminder to taxpayers about payment plans ahead of the upcoming tax deadline. Tax season is almost at an end, with payments and returns due on April 15. If you don't file and pay on time without a valid extension, you may be subject to avoidable penalties. What To Know An IRS payment plan is an agreement you make with the agency to pay your...

House Democrats are pressing Treasury Secretary Scott Bessent for answers on widespread layoffs at the Internal Revenue Service, warning the cuts could undermine tax enforcement and taxpayer services across the country, The Hill reported. House Democrats, led by Rep. Brad Schneider of Illinois, sent a letter Wednesday to Bessent demanding that the Trump administration explain its decision to slash thousands of jobs at the Internal Revenue Service.