Jenkins Drafting IRS Restructuring Bill

House Ways and Means Oversight Subcommittee Chairman Lynn Jenkins (R-KS) is planning to release legislation to restructure the IRS sometime in the next two weeks. House Republicans have been intent on improving the IRS’s customer service and, in particular, reforming the current process for resolving taxpayer disputes. According to Bloomberg BNA, Jenkins will circulate a… Read more »

Treasury Not Counting on Tax Law Fixes

Top Treasury officials said this week they are moving quickly to draft regulations for the tax law enacted late last year, and are not counting on Congress to pass a technical corrections bill. Congress ushered in sweeping changes to the tax system just before the end of the year, including numerous changes that impact the… Read more »

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