In this episode of The Accounting Podcast, former IRS revenue agent Jeff Johnston shares his experience of being laid off from the IRS as part of DOGE's federal workforce reduction initiative.
Jeff explains how many experienced professionals like him left established careers to join the IRS, only to be dismissed with minimal notice. This could be just the beginning of cuts potentially targeting up to half of the agency's 90,000 employees.
He also shares details about the agency's outdated tech and explains why these cuts could significantly reduce the audit rate.
