Danny Werfel, a Washington, DC-based executive with the Boston Consulting Group consultancy, is to be nominated to succeed Charles "Chuck" Rettig as commissioner of the Internal Revenue Service, the White House has announced.

Treasury Secretary Janet Yellen has named IRS Deputy Commissioner Douglas O'Donnell to succeed IRS Commissioner Charles P. Rettig – at least for now – as acting IRS commissioner.

With the U.S. Midterm Elections scheduled to take place on Nov. 8, and no successor yet named to replace IRS Commissioner Charles "Chuck" Rettig – who is scheduled to leave office as of Nov. 12 – questions are beginning to be asked about what direction the Internal Revenue Service is likely to take from Nov. 13 onwards, according to tax industry sources and media reports.  

In a surprise announcement that immediately triggered a burst of mostly positive reactions on social media, the U.S. Internal Revenue Service on Wednesday announced that it would be providing "broad-based penalty relief to most people and businesses who file certain 2019 and 2020 [tax] returns late," in an effort to "help struggling taxpayers affected by the Covid-19 pandemic". 

Friday's approval by the House of Representatives of the Inflation Reduction Act had been expected, but this was scant reassurance to many expatriate Americans who, after years of dealing with the taxation complexities that go with living abroad as a result of such laws as the Foreign Account Tax Compliance Act, are wondering if the additional millions of fresh money that the act sets aside for the IRS will mean even more headaches for them. 

The Internal Revenue Service has issued a formal reminder to U.S. taxpayers around the world that their 2021 federal income tax returns are due "by Wednesday, June 15"...

A meeting to discuss possible ways of resolving the problem that thousands of so-called "accidental Americans" living in Europe have been having in keeping their EU bank accounts from being closed is scheduled to take place today between officials from the office of the EU Council president and representatives of the U.S. Internal Revenue Service.

In 2015, just as non-U.S. banks and financial services entities around the world began complying with the U.S. tax evasion prevention law known as FATCA – and in so doing, kicked off a tax-reporting nightmare for U.S. expats that continues – the U.S. Internal Revenue Service closed the last four of its overseas offices, citing an unavoidable need to cut costs... 

The U.S. Treasury Inspector General for Tax Administration (TIGTA) this month has published two reports that consider differing aspects of the Internal Revenue Service's recent performance – and has arrived at many of the same conclusions that the National Taxpayer Advocate, Erin M. Collins, did, in her annual report to Congress back in January, on what the IRS needs to do to improve its efficacy. 

The IRS has formally reminded U.S. taxpayers not to ignore a virtual currency question at the top of the tax returns they're currently preparing to file, for the 2021 tax year.