Obama Nominates Former Head Of Freddie Mac To Head Up IRS
President Obama has nominated John Koskinen to take over as Commissioner of the Internal Revenue Service.
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Congress To Consider ‘Keep The IRS Off Your Health Care Act Of 2013’ This Week
Rep. Tom Price (R-GA) has introduced H.R. 2009, referred to as the Keep the IRS Off Your Health Care Act of 2013 to prohibit the Secretary of the Treasury from enforcing the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The bill would bar IRS from enforcing the health care act as a result of the most recent tax exempt organization scandal.
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As Debate Into Tax Exempt Scandal Continues, Here’s A Timeline Of Who Knew What And When
It is with regret that I will be departing from the IRS as my acting assignment ends in early June. This has been an incredibly difficult time for the IRS given the events of the past few days, and there is a strong and immediate need to restore public trust in the nation’s tax agency….
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IRS To Remain Open For Business As Furlough Day Is Canceled
The Internal Revenue Service will remain open for business next Monday, July 22, 2013, despite a previously scheduled furlough day. The furlough was to be the fourth in a series of five furlough days this season. The first three of those days went on as planned on May 24, June 14 and July 5. On…
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Congress Threatens IRS With ‘Right-Sized’ Budget Cuts
Things just keep getting worse for the Internal Revenue Service. Last week, a House Appropriations subcommittee proposed to slash the tax agency’s budget by nearly 25% for the next fiscal year. The cuts would bring the agency’s budget to the lowest level in more than ten years. The budget, which Chairman Hal Rogers (R-KY) has…
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IRS Issues Tax Relief Reminder For Taxpayers Affected By The Boston Marathon Bombings
The Internal Revenue Service has issued a reminder that Boston area taxpayers and others affected by the Boston Marathon bombings have until Monday, July 15, 2013, to file their individual 2012 federal income tax returns and make any payments due. The relief, which was announced just days after the tragedy, applies to all individual taxpayers…
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IRS May Cancel Controversial Employee Bonuses – For A Price
Remember those pesky IRS bonuses? Last month, despite a directive from the Obama administration for agencies to cancel discretionary bonuses because of automatic spending cuts, the Internal Revenue Service appeared to be moving ahead with plans to distribute $70 million in employee bonuses. Now, that’s changing. Danny Werfel, who is now serving as the Acting…
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As Second IRS Official Pleads The Fifth, Congress Pushes For ‘Lerner Rule’
Greg Roseman, a Deputy Director at the Internal Revenue Service, didn’t make any friends on the Hill last month when he refused to testify at a House Oversight Committee hearing. It was the second time in recent memory that an IRS employee had invoked a Fifth Amendment right not to testify: Roseman follows hot on…
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IRS Set To Shut Down For Third Time This Summer
The Internal Revenue Service will shutter its doors for the third time this summer as part of a series of furlough days. The next day for closure is coming up quickly: Friday, July 5, 2013. The furloughs are a reaction to the current budget situation, which includes the sequester. On furlough days, the IRS will…
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As Taxpayers Scramble To Make Sense Of DOMA, IRS Issues Statement
When the Supreme Court handed down its opinion last week on Windsor (the DOMA case), it surprised more than a few folks. Count those as surprised: the Internal Revenue Service which must now come to terms with how to treat what is sure to be an onslaught of amended returns and even more confusion. Some…