Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.
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Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.
What an IRS CEO Means for Tax Administration, Agency Functions
Talking Tax
15 minutes
1 month ago
What an IRS CEO Means for Tax Administration, Agency Functions
Taxpayer advocates are keeping close watch on this week's decision to name Social Security Administration Commissioner Frank Bisignano as CEO of the IRS, and have many questions about what it could mean for the agency.
Treasury Secretary Scott Bessent said Monday he was creating a new IRS CEO position, and Republicans in Congress seem to be generally supportive, though some said the White House should still name an IRS commissioner nominee. The Treasury Department assured staff in GOP Iowa Sen. Chuck Grassley's office that a commissioner nominee would still be sent to the Senate.
At the same time, the Senate Finance Committee voted Wednesday to advance Derek Theurer's nomination to be undersecretary for legislative affairs and Donald Korb's nomination to be IRS chief counsel.
That's good news for Pete Sepp —president of the National Taxpayers Union, a taxpayer advocacy group—who is concerned that many of the top IRS positions remained unfilled.
Sepp, who sat down with Bloomberg Tax Senior Reporter Chris Cioffi for this episode of Talking Tax, said Congress is right to seek answers about how the CEO job interacts with the commissioner. He said he hoped the CEO position, in the future, would be selected by an IRS oversight board that has been dormant for more than a decade.
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Talking Tax
Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.
