Yellen names O’Donnell to temporarily steer IRS as it readies for major expansion
Treasury Secretary Janet Yellen on Friday appointed Douglas O’Donnell as acting head of the IRS during a potentially transformative period for the agency.
Treasury Secretary Janet Yellen on Friday appointed Douglas O’Donnell as acting head of the IRS during a potentially transformative period for the agency.
David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: now hiring.
The IRS is reeling from a series of brutally challenging filing seasons with high expectations for how it will perform in the next one. At the same time, it’s making critical decisions now that will lay the
foundation for how it plans to transform itself in the years ahead, thanks to the nearly $80 billion in
extra money it received in the Inflation Reduction Act (P.L. 117-169).
With less than three weeks left in Charles Rettig’s term as Internal Revenue Service commissioner, President Biden hasn’t picked anyone to replace him, leaving the tax agency without a leader to spearhead the $80 billion agency expansion that Democrats just pushed through Congress.
For the first time Congress has provided long-term funding to rebuild the IRS after years of decline.
To ensure success, the Biden administration needs to promptly nominate and the Congress needs to swiftly consider and confirm a qualified Commissioner.
Getting refunds on your taxes can be exciting but waiting for your refund is a different matter. Whether you are a seasoned attorney with years of experience or you are submitting your taxes for the first time, the IRS refund process can seem slow. So what can you do about it?
Tax returns are piling up at the Internal Revenue Service, and millions of taxpayers are experiencing refund delays beyond the typical 21 days or fewer for e-filed returns electing a direct deposit refund.