By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
inkeinspires.cominkeinspires.cominkeinspires.com
Notification Show More
Font ResizerAa
  • Home
  • Breaking News
    Breaking NewsShow More
    Son of Norway’s crown princess charged with rape, sexual assault – National
    June 27, 2025
    Brazil’s outspoken first lady comes under fire, but refuses to stop speaking out
    June 27, 2025
    2 charged with murder after bride shot dead, groom and 13-year-old nephew wounded at wedding party in France
    June 27, 2025
    Political violence is quintessentially American | Donald Trump
    June 27, 2025
    19 Virginia sheriffs endorse Miyares over Democrat Jones in attorney general race
    June 27, 2025
  • Business
    BusinessShow More
    Canara Bank hands over Rs 2,283 cr dividend to Centre amid record profits, joins SBI, BoB in robust payouts
    June 27, 2025
    Foreign stocks are crushing US shares, even with the new record high
    June 27, 2025
    Videos reveal driving issues with Tesla’s robotaxi fleet in Austin
    June 27, 2025
    US stocks hit record high as markets recover from Trump tariff shock
    June 27, 2025
    Renewables leaders parse the damage to their industry as Senate finalizes vote on ‘big beautiful bill’
    June 27, 2025
  • Entertainment
    EntertainmentShow More
    Terminator’s Forgotten First Attempt To Save Itself
    June 27, 2025
    Meghan Markle’s $658 Weekender Tote Look Is $36 on Amazon
    June 27, 2025
    Armed Elderly Woman Blocks Texas Highway In 5-Hour Standoff
    June 27, 2025
    Inside Kevin Spacey’s ‘Substantial’ Hollywood Return
    June 27, 2025
    12 Best Movies Like M3GAN
    June 27, 2025
  • Gadgets
    GadgetsShow More
    CES 2025: 41 Products You Can Buy Right Now
    January 13, 2025
    I can’t wait try out these 3 great plant tech gadgets that I saw at CES 2025
    January 13, 2025
    6 on Your Side Consumer Confidence: Kitchen gadgets to upgrade family recipes – ABC 6 News
    January 13, 2025
    35+ Best New Products, Tech and Gadgets
    January 13, 2025
    These gadgets kept me connected and working through a 90-mile backpacking trip
    January 13, 2025
  • Health
    HealthShow More
    A New Study Finds An 8-Hour Eating Window May Help Burn Fat—But Is It Safe? inkeinspires
    June 27, 2025
    184: Crafting a Morning Routine That Works For YOU inkeinspires
    June 26, 2025
    Endurance Exercise and Longevity – BionicOldGuy inkeinspires
    June 26, 2025
    How Zone 2 Cardio Can Burn Fat And Boost Longevity inkeinspires
    June 26, 2025
    What to do when an exercise doesn’t feel right inkeinspires
    June 25, 2025
  • Sports
    SportsShow More
    Lyon included in Ligue 1 fixtures despite demotion to Ligue 2, and receive Europa League clearance
    June 27, 2025
    Brentford appoint former Wolves midfielder Andrews as boss
    June 27, 2025
    Real Betis still hopeful over ‘very complex’ deal for Manchester United’s Antony
    June 27, 2025
    Sri Lanka ODI squad vs Bangladesh announced, Matheesha Pathirana dropped
    June 27, 2025
    Rohit Sharma reveals the unsung hero behind India’s T20 World Cup 2024 triumph
    June 27, 2025
  • Technology
    TechnologyShow More
    US Supreme Court Upholds Texas Porn ID Law
    June 27, 2025
    SCOTUS porn ruling opens door to sweeping internet age verification
    June 27, 2025
    Early Prime Day deals include our favorite mesh Wi-Fi router for a record-low price
    June 27, 2025
    Best Smart Home Safes for 2025: We Cracked the Code
    June 27, 2025
    Mattress Shopping Terms to Know (2025)
    June 27, 2025
  • Posts
    • Post Layouts
    • Gallery Layouts
    • Video Layouts
    • Audio Layouts
    • Post Sidebar
    • Review
      • User Rating
    • Content Features
    • Table of Contents
  • Contact US
  • Pages
    • Blog Index
    • Search Page
    • Customize Interests
    • My Bookmarks
    • 404 Page
Reading: IRS says tax collection is more efficient, and receipts are up 5% over last year
Share
Font ResizerAa
inkeinspires.cominkeinspires.com
  • Entertainment
Search
  • Home
  • Categories
    • Breaking News
    • Business
    • Sports
    • Technology
    • Entertainment
    • Gadgets
    • Health
  • Contact
Have an existing account? Sign In
Follow US
inkeinspires.com > Business > IRS says tax collection is more efficient, and receipts are up 5% over last year
Business

IRS says tax collection is more efficient, and receipts are up 5% over last year

MTHANNACH
Last updated: May 2, 2025 11:20 pm
MTHANNACH Published May 2, 2025
Share
SHARE

The denunciator of the IRS Gary Shapley discusses his promotion to the Treasury Department under President Donald Trump on “the results”.

The Treasury Department wants to make the IRS more effective in the Trump administration.

And the IRS data shared with Fox Business indicate that total tax revenues for this tax declaration season increased by 5% compared to last year. In addition, the total number of declarations of income processed is up 1.5%.

“We are making the treasure effective again. It is not only words on paper. The data supports the excellent work we do to make sure that IRS work for the American people, not against them,” the Treasury’s Deputy Secretary and the Acting Commissioner of IRS, Michael Faulkender told Fox Business.

“Our next objective will be to soften the tax calendar of President Trump through the finish line with the unified help of the Republicans of the Chamber and the Senate so that we can continue to put more money back in the pockets of the American workers,” he added.

About 20,000 IRS workers weigh on buyout offers

American IRS and flag

IRS data provided to Fox Business show that tax receipts are increasing compared to last year. (Kayla Bartkowski / Getty Images / Getty Images)

Since the inauguration of Trump, the IRS information technology budget has been reduced by $ 2 billion without operational disruption, according to the Treasury Department.

He noted that this had been achieved thanks to the elimination of unnecessary contracts, such as licenses set to self-renewal but unused.

The IRS also reflects the leadership of its technical teams by removing employees without technical expertise and replacing them with engineers. The administration noted that less than one in five staff working on IRS computer programs was qualified engineers, while the industry standard would generally be 100%.

DOGE says that the IRS modernization program costs $ 15 billion on the budget and 30 years late

Internal building Revenue Service (IRS)

The IRS is overhauled under the Trump administration. (Reuters / Kent Nishimura / Photos / Reuters Photos)

By focusing more emphasis on the hiring of qualified engineers and the implementation of IT projects, the IRS continues its work to build a unified application programming interface layer (API), a project that started more than 20 years ago and cost $ 4 billion, according to the agency.

The IRS has 12 different APIs which are fragmented and make it difficult for engineers to upgrade computer systems.

Get Fox Affairs on the move by clicking here

The creation of the unified API layer will simplify communication between different applications and data sets, which, according to IRS, will result in a more transparent interface for taxpayers and internal teams while making the development process for future products and services more effective.

You Might Also Like

Microsoft terminates employment of workers who staged anti-Israel protests at company event

Rachel Reeves seeks to revive City of London links with China

Trump’s treasury nominee turns tables on Sanders in testy exchange about Biden’s ‘oligarchy’ comments

UK overtakes China as second-largest US Treasury holder

Target warns its operating in ‘highly challenging environment’

Share This Article
Facebook X Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
loader

Email Address*

Name

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News
Business

Car prices could rise $12,000 due to Trump’s latest tariffs

MTHANNACH MTHANNACH March 4, 2025
Manchester United abandon their pursuit of Victor Osimhen
Explainer-What you need to know about the arrest of South Korea’s Yoon By Reuters
Garcia And Romero Set For DAZN Fight: ‘Kingry’ Vows To Overcome ‘Rolly’s’ Roughhouse Tactics In Times Square Clash
Which managers have won the Premier League in their first season? The elite club Arne Slot is about to join with Liverpool
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • Business
  • Breaking News
  • Entertainment
  • Technology
  • Health
  • Sports
  • Gadgets
We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • InterestsNew
  • Contact Us
  • Blog Index
Top Categories
  • Entertainment

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

 

All Rights Reserved © Inkinspires 2025
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?