The IRS has no intention of arming tax auditors, Commissioner Daniel Werfel told Congress today in an attempt to allay fears of a weaponized tax agency. The Inflation Reduction Act of 2022 granted the IRS $80 billion to hire tens of thousands of additional employees sparking fears that a horde of armed auditors would be…
LIVE NOW: IRS Commissioner Testifies to House Ways and Means Committee Hearing
U.S. Internal Revenue Service Commissioner, Danny Werfel testifies to the U.S. House Ways and Means Committee’s Hearing at 1:00 p.m. on April 27 on Accountability and Transparency at the Internal Revenue Service. …
IRS Commissioner Testifies to House Ways and Means Committee Hearing
U.S. Internal Revenue Service Commissioner, Danny Werfel testifies to the U.S. House Ways and Means Committee’s Hearing at 1:00 p.m. on April 27 on Accountability and Transparency at the Internal Revenue Service. …
IRS Report Fails to Provide Key Details, Republican Lawmakers Say
House Ways and Means Committee Chairman Jason Smith (R-Mo.) has criticized the IRS for failing to provide essential information in its much-anticipated report released on April 6. The tax agency unveiled its strategic operating plan in the report, disclosing how it plans to use the $80 billion in new funding provided by the Democrats’ Inflation…
Senate Confirms Biden’s Pick for IRS Commissioner
The U.S. Senate on March 9 voted to confirm President Joe Biden’s nominee for commissioner of the Internal Revenue Service (IRS). Daniel “Danny” Werfel, confirmed in a 54-42 vote, managed to garner the support of several Senate Republicans and nearly all the chamber’s Democrats, save Sen. Joe Manchin (D-W.Va.). “Mr. Werfel told the Finance Committee…
Biden Nominee Danny Werfel Gains Committee Approval as Next IRS Head
President Joe Biden’s nominee for IRS Commissioner was approved by the Senate Finance Committee on March 3 and will now be voted on by the full Senate. The committee vote was 17–9 with three Republicans voting with the majority, Chuck Grassley (Iowa), Bill Cassidy (La.), and Todd Young (Ind.). Daniel I. “Danny” Werfel was touted…
IRS Commissioner Nominee Pledges Not to Increase Audits, but There Could Be a Catch
President Joe Biden’s nominee to lead the Internal Revenue Service (IRS), Danny Werfel, said Wednesday that he won’t use boosted agency funding to increase audits for people earning less than $400,000 per year above historical levels, although some experts say that audits have been down recently. In testimony before the Senate Finance Committee, the IRS nominee…
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