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IRS Leadership Turmoil Intensifies as Commissioner Billy Long Is Removed After Just Two Months

On August 8, President Donald Trump abruptly removed Billy Long from his position as Commissioner of Internal Revenue, making Long’s tenure the shortest for a Senate-confirmed commissioner in the tax agency’s 162-year...more

IRS Increased Audits Of High-Income Individuals During FY2024, But Future Of Initiative Under New Administration Is Doubtful

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service increased audits of high-income taxpayers during fiscal year 2024, in line with a 2022 Treasury...more

Auditor Releases “Snapshot” of IRS Workforce Revealing Devastating Extent of Initial Job Cuts

The Treasury Department’s Inspector General for Tax Administration (TIGTA) has released a report showing how the Internal Revenue Service has been dramatically impacted by government-wide efforts to reduce the size of the...more

President Names Yet Another Acting IRS Commissioner

Turmoil continues to roil the highest ranks of the Internal Revenue Service, as the President has replaced the acting IRS Commissioner that he appointed just last week. As we previously wrote, on Tax Day, the President named...more

COVID-19 Fraud Task Force Established

Intensifying its crackdown on suspected fraud in pandemic relief programs, the U.S. Department of Justice has established the COVID-19 Fraud Enforcement Task Force, sending a clear message that any individual or business that...more

FinCEN Extends FBAR Deadline To December 31 For Victims Of Recent Natural Disasters

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has announced that victims of the California Wildfires, the Iowa Derecho, Hurricane Laura, the Oregon Wildfires, and Hurricane Sally have until December...more

Resources Regarding “People First Initiative” Available On IRS Website

On March 25, 2020, following the onset of the COVID-19 pandemic, the IRS unveiled its People First Initiative to provide wide-ranging compliance relief to taxpayers experiencing hardships relating to the health crisis. This...more

Tax Court Announces Resumption Of Mail Delivery

Due to the COVID-19 pandemic, operations of the United States Tax Court have been severely impacted. The Tax Court’s building in Washington, D.C. has been closed since March 19, 2020, all trial sessions have been cancelled...more

COVID-19 Investigations Put Small And Midsize Businesses In Government’s Enforcement Crosshairs

With the uncertainty created by the global COVID-19 pandemic, it is hard to find anything like a sure bet. States are grappling with when to reopen, parents with school-aged children are awaiting news of when and if their...more

Treasury Secretary Announces Tax Filing Deadline Extended To July 15 Due To COVID-19

Treasury Secretary Steven Mnuchin announced on Twitter this morning that the April 15 tax filing deadline has been extended to July 15 due to the health crisis caused by the coronavirus outbreak....more

IRS Releases More Details Regarding Extension Of Tax Day To July 15, 2020

As a follow-up to our prior post, the Treasury Department and the Internal Revenue Service have released additional details regarding the extension of the federal income tax filing due date from April 15, 2020, to July 15,...more

Erin M. Collins Appointed National Taxpayer Advocate

Yesterday the Treasury Department and Internal Revenue Service announced that Erin M. Collins has been appointed National Taxpayer Advocate. Collins succeeds Nina E. Olson, who served as the as National Taxpayer Advocate...more

2/28/2020  /  IRS , U.S. Treasury

IRS Would Receive Slight Funding Boost Under House Appropriations Bill Released Today

The House Appropriations Committee today released the FY2019 Financial Services and General Government Appropriations bill, which provides annual funding for the Treasury Department, the Judiciary, the Small Business...more

FinCEN Launches “FinCEN Exchange” To Enhance Information Sharing With Financial Institutions

The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) launched the “FinCEN Exchange” program today in order to enhance information sharing with financial institutions and to strengthen...more

Treasury Hints That Regulatory Review May Target FATCA Regulations

In a report to the President recommending actions to eliminate or mitigate burdens imposed on taxpayers by eight specific tax regulations, the Treasury Department indicated that it is considering possible reforms of...more

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