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    Internal Revenue Service

    Internal Revenue Service is the U.S. federal agency that collects federal taxes. It is part of the U.S. Department of the Treasury. Congress created the office of Commissioner of Internal Revenue on July 1, 1862.

    irs.gov
    Chief Executive Officer
    Frank J. Bisignano

    Leadership

    Frank J. Bisignano, Chief Executive Officer. Frank J. Bisignano is the first Chief Executive Officer of the Internal Revenue Service.

    Key facts

    Origin
    Office of Commissioner of Internal Revenue created by Congress on July 1, 1862source
    Actual expenditures
    $19.0 billion for overall operations in Fiscal Year (FY) 2025source
    Workforce
    95,226 full-time equivalent (FTE) positions in FY 2025source
    2026 filing season
    over 144 million income tax returns processedsource

    WYDE coverage of Internal Revenue Service

    WYDE Newsroom has published 5 articles about Internal Revenue Service, from May 1, 2026 to Jul 8, 2026. Internal Revenue Service is the regulator in 5 stories. The most recent is IRS Names Abusive Charitable Remainder Annuity Trust Schemes as Listed Transactions.

    Philanthropy

    IRS Names Abusive Charitable Remainder Annuity Trust Schemes as Listed Transactions

    Treasury and IRS final regulations name abusive charitable remainder annuity trust and annuity schemes as listed transactions, with mandatory disclosure, an October 7 deadline, and penalties up to $200,000.

    Jul 8, 2026 · 2 min read · Regulator

    Philanthropy

    Foundations Expect to Give More in 2026, but the Payout Stays Pinned at 5%

    Candid's new survey of 542 foundations finds 44% expect to increase giving this year, the most optimistic forecast since 2022, while the median payout rate stays locked at 5% for a fifth straight year.

    Jul 7, 2026 · 2 min read · Regulator

    Philanthropy

    Trump Accounts Go Live on July 4 With $1,000 Deposits for Newborns

    The Treasury launched Trump Accounts nationwide on the country's 250th anniversary, with more than 6 million accounts already open, a $1,000 pilot deposit for babies born 2025 through 2028, and over 50 employers pledging contributions.

    Jul 5, 2026 · 2 min read · Regulator

    WYDE Weekly

    BitMart. Hunger Network. EAT Street Team. Card. 33,000 meals.

    The week Impact Summer started, $EAT held the line, and the Card got a date.

    May 1, 2026 · 6 min read · Regulator

    Philanthropy

    DOJ Stands Up National Fraud Division and IRS Targets Fiscal Sponsorship in Same Month

    The DOJ launched the National Fraud Enforcement Division on April 7 and Treasury announced revisions to IRS Form 990 on April 23, building the federal infrastructure to surface what on-chain models already publish by default.

    May 1, 2026 · 3 min read · Regulator

    Reported alongside Internal Revenue Service

    Sources

    Track the institutions that move money.

    Data-driven coverage, every week.