IRS Pub 5456 – The IRS Publication 5456 (Pub 5456) is the official IRS Agency Financial Report for Fiscal Year 2025 (October 1, 2024 – September 30, 2025). Released on January 20, 2026, this comprehensive document details how the Internal Revenue Service collected and managed over $5.3 trillion in federal tax revenue while delivering record-setting taxpayer service.
Whether you’re a tax professional, business owner, researcher, or taxpayer wanting transparency into IRS operations, this report provides audited financial statements, performance metrics, enforcement results, and strategic priorities under Commissioner Frank J. Bisignano.
Direct Download Link:
IRS Publication 5456 – Agency Financial Report FY 2025 (PDF)
(Hosted on official IRS.gov – 01/20/2026 revision)
Why IRS Pub 5456 Matters in 2026?
This is the 26th consecutive year the IRS received an unmodified (clean) audit opinion from the Government Accountability Office (GAO) on both its financial statements and internal controls over financial reporting. The report highlights how the IRS achieved this while cutting $2 billion in wasteful IT spending and delivering the most successful filing season in years.
Top 10 Key Highlights from IRS FY 2025 Agency Financial Report
- Gross tax collections: $5,313,762 million (over $5.3 trillion)
- Individual income taxes: 88.3% of total ($4.69 trillion)
- Corporate taxes: 9.1% ($486 billion)
- Total refunds issued: 113 million refunds totaling $358 billion (average $3,173 per individual refund)
- Enforcement revenue: $93.8 billion (estimated $90 billion from Tax Year 2022)
- Telephone level of service: 87% with average wait time of just 3 minutes
- IRS.gov satisfaction: up 6%
- Fraud prevention: Stopped 99% of fraudulent refunds, saving $2 billion
- IT savings: Eliminated $2 billion in wasteful spending through contract renegotiations
- Online accounts: 51 million users (up 12 million year-over-year)
Financial Snapshot – FY 2025 (in millions)
| Category | Amount |
|---|---|
| Total Budgetary Resources | $43,378 |
| Net Cost of Operations | $21,191 |
| Total Assets | $140,264 |
| Total Liabilities | $111,800 |
| Net Position | $28,464 |
| Federal Taxes Receivable, Net | $91,415 |
| Unpaid Assessments | $540,318 |
Custodial Revenue Breakdown (main sources of the $5.3T):
- Individual/FICA/SECA/Other: $4,689,620
- Corporate: $486,384
- Excise: $90,612
Major Accomplishments & Strategic Progress
The IRS aligned its work with three core programs:
- Service to the Taxpayer (net cost $7.179B) – 87% phone service, 97.3% timely filing products
- Enforcement of Tax Legislation (net cost $11.734B) – Collection coverage 38.8%, 2,850 criminal investigations completed
- Transformation of Business Systems (net cost $1.033B) – Aged hardware reduced to 13.1%
Additional wins:
- AI chatbot handled 500,000+ interactions
- 94% of notices now digitally accessible
- Automated 42% of amended returns with 92.6% accuracy
- Prevented $1B+ in fraudulent refunds
Tax Gap Update
Gross tax gap for Tax Year 2022: $696 billion (down $12B from 2021)
Net tax gap after enforcement: $606 billion
The IRS continues using advanced analytics and AI for data-driven enforcement.
Audit & Internal Controls
- Unmodified opinion on financial statements (26th year in a row)
- One remaining significant deficiency: unpaid assessments (addressed via statistical estimation; $17.8B adjustments made)
- Full compliance with FMFIA; no material weaknesses
- No Antideficiency Act violations
Who Should Read IRS Publication 5456?
- Tax practitioners tracking enforcement trends
- Businesses preparing for increased audit activity
- Researchers studying the $696B tax gap and refundable credits (EITC $66B, Premium Tax Credit $110.8B)
- Anyone wanting official, audited data on how the IRS spent its $43B+ budgetary resources
Download the Full 2025 IRS Agency Financial Report Now
Click here to download Publication 5456 (PDF)
Also available on the official IRS Financial Reports page: https://www.irs.gov/about-irs/irs-financial-reports
This report is the definitive source for FY 2025 IRS performance. Bookmark it for reference throughout 2026 as the IRS continues its modernization under the Inflation Reduction Act and new legislative priorities (No Tax on Tips, No Tax on Overtime, etc.).
Last updated: February 2026 – Based on official IRS Publication 5456 (Rev. Jan 2026) and GAO audit confirmation.