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Financial Audit: IRS’s FY 2025 Financial Statements

January 21, 2026 at 16:29Z
BIAS: Center
RELIABILITY: Very High

Political Bias Rating

This rating indicates the source’s editorial stance on the political spectrum, based on analysis from Media Bias/Fact Check, AllSides, and Ad Fontes Media.

Far Left / Left: Progressive editorial perspective
Lean Left: Slightly progressive tendency
Center: Balanced, minimal editorial slant
Lean Right: Slightly conservative tendency
Right / Far Right: Conservative editorial perspective

Current source: Center

Reliability Rating

This rating measures the source’s factual accuracy, sourcing quality, and journalistic standards based on third-party fact-checking assessments.

Very High: Exceptional accuracy, rigorous sourcing
High: Strong factual reporting, minor issues rare
Mixed: Generally accurate but occasional concerns
Low: Frequent errors or misleading content
Very Low: Unreliable, significant factual issues

Current source: Very High

GAO
13:46Z

What GAO Found In fiscal year 2025, the Internal Revenue Service (IRS) collected more than $5.3 trillion in taxes and paid out about $639 billion in tax refunds, credits, and other payments. Fiscal Year 2025 IRS Collections of Federal Taxes, by Type In GAO’s opinion, IRS’s fiscal year 2025 financial statements are fairly presented in all material respects, and although internal controls could be improved, IRS maintained, in all material respects, effective internal control over financial reporting as of September 30, 2025. GAO’s tests of IRS’s compliance with selected provisions of applicable laws, regulations, contracts, and grant agreements disclosed no instances of reportable noncompliance in fiscal year 2025.

System limitations and other deficiencies in IRS’s accounting for federal tax

Source Assessment

Political Bias
Center
Reliability
Very High

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