IRS Requests More Funding to Implement Tax Law

The IRS has asked congressional appropriators for an additional $397 million to implement the new tax law, according to a Bloomberg BNA report. That funding request is about $100 million less than what the IRS had estimated it would need to fulfill its new responsibilities related to the tax law. National Taxpayer Advocate Nina Olson… Read more »

Category: IRS

Trump Picks Next IRS Chief

President Trump is expected to nominate tax lawyer Charles Rettig as the next commissioner of the Internal Revenue Service (IRS), according to numerous reports. Rettig would serve a five-year term if confirmed by the Senate. He would replace David Kautter, Treasury assistant secretary for tax policy and acting commissioner since John Koskinen left at the… Read more »

Category: IRS

House Republicans Working on IRS Reform

The House Ways and Means Oversight Subcommittee held a hearing Dec. 13 to discuss ways to restructure the IRS. Oversight Subcommittee Chairman Vern Buchanan (R-FL) said he is working on legislation that could be introduced next year that would make changes to the agency. Congressional Republicans have cut the IRS budget by nearly 20 percent… Read more »

Category: IRS

Ways and Means to Discuss IRS Restructuring

The House Ways and Means Oversight Subcommittee has scheduled a hearing Dec. 13 to discuss ways to restructure the IRS. Oversight Subcommittee Chairman Vern Buchanan (R-FL) said he is working on legislation that could be introduced next year that would make changes to the agency. Congressional Republicans have cut the IRS budget by nearly 20… Read more »

IRS Budget Stays at $11.1 Billion in Senate Bill

The Senate Appropriations Committee has proposed to set the IRS budget for fiscal year 2018 at $11.1 billion, matching the funding level in the House bill passed earlier this year. As with previous budget allocations, the Senate Appropriations funding includes stipulations that the IRS cannot use funding to target certain groups for regulatory scrutiny –… Read more »