FL - Interest rates for first half of 2025 announced
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
Read MoreThe IRS Commissioner, Danny Werfel, has announced plans for new leadership structure to align with transformation goals. The updated chart, the first in two decades, includes a single deputy Commissioner and four new chief positions overseeing taxpayer service, tax compliance, information technology, and operations. Changes, set for early 2024, aim to streamline operations and align with the Inflation Reduction Act funding.
The IRS‘s new organizational structure is the result of years of effort, stemming from the Taxpayer First Act Report to Congress in January 2021 and outlined in the new IRS Strategic Operating Plan released in April. Commissioner Werfel emphasized the logical progression of this change, considering the history and the rapid pace of Inflation Reduction Act initiatives. Further, the Service will collaborate with Congress, NTEU, and others as plans for new changes progress.
Doug O’Donnell, currently the deputy commissioner for Services and Enforcement, will assume the role of IRS deputy commissioner. Reporting to O’Donnell will be four new chief positions and IRS Online Services. These leaders, working closely with Commissioner Werfel, include:
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
Read MoreThe sale, rental, and associated charges for the design, installation, removal, and storage of holiday decorations and lighting are subject […]
Read MoreThe IRS has offered some tips to taxpayers about scammers using fake charities to exploit unsuspecting donors in the aftermath […]
Read MoreThe IRS has provided a safe harbor under Code Sec. 213(d) for amounts paid for condoms. Because amounts paid for condoms are […]
Read MoreThe IRS Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts […]
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Read MoreThe IRS has issued a warning to taxpayers to be cautious of unscrupulous promoters claiming to offer help in resolving […]
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