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Accountancy Slice
North America
Even as the Senate moves towards ending the 40-day government shutdown, the IRS continues to grapple with significant layoffs and service disruptions. The IRS began furloughing employees shortly after the shutdown commenced on October 1st, initially relying on leftover funds from the Inflation Reduction Act. While some clients are relieved that audits are paused, others face delays in processing requests, such as lien releases. A proposed congressional deal aims to reverse layoffs and restore furloughed IRS employees, including one attorney who has resorted to selling hot dogs on the street.
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