The IRS is preparing to slash its workforce by up to 50 percent through layoffs and incentivized buyouts – a move that could upend the agency’s ability to collect taxes and issue refunds on time.
Already, more than 7,000 employees within the agency’s 90,000-person workforce have been laid off since President Donald Trump took office and his right-hand man, billionaire Elon Musk, began a crusade to cut the federal workforce drastically.
