The Widening of the Tax Gap is the IRS’s Fault, Says the IRS
Accounting Today reported on Friday: The estimated gross U.S. tax gap increased to $496 billion annually for tax years 2014 through 2016, a rise of over $58 billion from the prior estimate — and the Internal Revenue Service estimates the gross tax gap will rise to $540 billion for 2017-2019. “The increase in the tax […]
The IRS Is Soon to Be Leaderless at the Worst Possible Time
In case you haven’t heard, IRS Commissioner Charles Rettig will be leaving the agency in three weeks and his replacement has not yet been found, leaving a leadership void. The Wall Street Journal wrote about it yesterday: With less than three weeks left in Charles Rettig’s term as Internal Revenue Service commissioner, President Biden hasn’t […]
At Least There Is One IRS Employee Who Is Proud to Say He Works For the IRS
“The IRS remains dedicated to improving service to taxpayers, modernizing its systems and maintaining the integrity of the tax system, while also protecting the health of its workers and American taxpayers. The way the IRS has responded to the challenges we faced this year serve to highlight the significant role that the IRS plays in […]
The IRS Is Your Gross, Hairy Uncle Who Burps and Farts a Lot
Imagine sitting at a table with your family and closest friends enjoying the perfect Thanksgiving feast. The turkey is cooked to perfection, the ham is tender and juicy, the mashed potatoes are creamy and the gravy is smooth, the stuffing is savory, and the cranberries are tangy. Even the green bean casserole doesn’t make you […]
It’s Official, Finally: Charles Rettig Is the New Commissioner of the IRS
I’m sure the majority of you guys either probably don’t care or have already heard by now, but the Senate finally got around to confirming Charles Rettig as the new IRS commissioner on Sept. 12. The poor guy had been left hanging in the wind since July 19, when the Senate Finance Committee voted 14-13 […]
So Is Charles Rettig Going to Be the Next IRS Commissioner or Not?
Good morning/afternoon, GCers. We hope you had a nice, relaxing Labor Day holiday. Last week, while I was driving to Binny’s Beverage Depot to pick up some Pipeworks Ninja vs. Unicorn IPA to drink over the holiday weekend, I was wondering why things have been quiet lately regarding the confirmation of Charles Rettig as the […]
Charles Rettig Is One Step Closer to Earning His IRS Commissioner Placard
Beverly Hills tax attorney and Academy of Magical Arts member Charles Rettig is on the cusp of becoming the next commissioner of the IRS, after the Senate Finance Committee voted 14-13 on July 19 to send his nomination to the Senate floor. The nomination vote, which fell along party lines, had to be postponed until […]
IRS Commissioner Nominee Pledges He Will Work for All Taxpayers (Not Just Donald Trump)
Charles Rettig, the Beverly Hills, Calif., tax attorney who was nominated by President Trump to head the IRS and who once wrote that Trump’s lawyers should not advise him to release his tax returns, told senators on June 28 that he would work on behalf of the average Joe taxpayer, not just the rich. The […]
Man Who Would Have Unenviable Task of Overseeing Implementation of New Tax Law Changes at IRS Will Have Confirmation Hearing This Week
That man is Beverly Hills, Calif., tax attorney and member of the Academy of Magical Arts, Charles “Chuck” Rettig. The Hill reported last Friday that the Senate Finance Committee will hold a hearing scheduled for June 28 to consider Rettig’s nomination to be the next IRS commissioner. Rettig was nominated by President Trump earlier this […]