Today, Optima Tax Relief Lead Tax Attorney, Phil, addresses the trending myth: Is the IRS shutting down? The short answer: no, it’s not.
Why the IRS Isn’t Going Anywhere
Recently, talk of the IRS shutting down has picked up steam, especially online. Some of the talk is tied to Donald Trump’s return to the presidency and the creation of the Department of Government Efficiency (DOGE), which promised sweeping cuts across federal agencies. But despite the rumors, the IRS is not shutting down.
In reality, the IRS brings in over $5 trillion in revenue each year – about 96% of all federal revenue collected. That funding supports everything from infrastructure to national defense. No department or digital currency can replace that.
Ignoring the IRS Isn’t a Strategy
If you’ve been thinking about skipping taxes in hopes the IRS will shut down – don’t. Tax penalties and interest continue to accrue whether you believe in the IRS or not. And interest compounds daily, which means the longer you wait, the worse your situation becomes.
Stay Compliant to Stay Protected
The IRS isn’t going away, but your tax problems can with the right help. Staying compliant now is far easier (and cheaper) than dealing with collections, garnishments, or levies later. If you’re overwhelmed, work with a trusted tax professional to get back on track.
Tune in next time as Phil breaks down another popular tax topic.
If you need tax help, contact us today for a Free Consultation