The Internal Revenue Service (IRS) is preparing to lay off thousands of employees, a decision influenced by budget cuts from the Trump administration and the introduction of new policies aimed at streamlining tax collections, including initiatives related to cryptocurrency. This comes as the agency faces a sluggish start to the tax filing season, with concerns that reduced staffing could complicate processing times and potentially delay tax refunds for Americans. Reports suggest that IRS employees are being encouraged to accept buyouts, but those involved in the upcoming tax season must wait until after the filing deadline to consider such options. As decisions from the administration unfold, the implications for future tax seasons and the overall economy remain uncertain.