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IRS Shutdown Threatens $14 Billion Loss, Hurts Entrepreneurs

11/2/2025

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Summary

Story summary

The U.S. government shutdown is in its second month.
Internal Revenue Service Taxpayer Assistance Centers (IRS TACs) are closed due to the shutdown.
The study shows a 4%–13% local entrepreneurship increase when the IRS TACs are open, implying their absence could hinder activity during the shutdown.
The shutdown could cost up to $14 billion, with impacts that may extend beyond immediate losses to affect business creation for years.

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Story summary

The U.S. government shutdown is in its second month.
Internal Revenue Service Taxpayer Assistance Centers (IRS TACs) are closed due to the shutdown.
The study shows a 4%–13% local entrepreneurship increase when the IRS TACs are open, implying their absence could hinder activity during the shutdown.
The shutdown could cost up to $14 billion, with impacts that may extend beyond immediate losses to affect business creation for years.