As the federal government shutdown passes the two-week mark, and as thousands of Internal Revenue Service employees face furloughs and/or firings, the tax agency has announced a series of significant
Continue Reading IRS Makes Top Leadership Moves While Federal Government Remains ShutteredCommissioner of Internal Revenue
IRS Leadership Turmoil Intensifies as Commissioner Billy Long Is Removed After Just Two Months
By Matthew D. Lee on
On August 8, President Donald Trump abruptly removed Billy Long from his position as Commissioner of Internal Revenue, making Long’s tenure the shortest for a Senate-confirmed commissioner in the tax…
Continue Reading IRS Leadership Turmoil Intensifies as Commissioner Billy Long Is Removed After Just Two MonthsIRS Leadership Turmoil Continues With Appointment of Yet Another Acting Chief Counsel While Chief of Appeals Announces Retirement
By Matthew D. Lee on
The Internal Revenue Service continues to experience significant leadership transition during a period of ongoing internal upheaval and uncertainty. The latest developments are the appointment of Kenneth Kies as the…
Continue Reading IRS Leadership Turmoil Continues With Appointment of Yet Another Acting Chief Counsel While Chief of Appeals Announces RetirementBilly Long Sworn in as 51st IRS Commissioner
By Matthew D. Lee on
Former member of Congress and professional auctioneer Billy Long has been formally sworn in as Commissioner of the Internal Revenue Service. Following lengthy delays during his nomination process, Long was…
Continue Reading Billy Long Sworn in as 51st IRS CommissionerThreat to Harvard’s Tax Status Reaches All Nonprofits – A Bloomberg Daily Tax Report Column
By Brian Bernhardt on
Fox Rothschild partners Brian Bernhardt and Adam Young authored an article in Bloomberg’s Daily Tax Report examining both the ancillary threats to all nonprofits as a result of the Administration’s…
Continue Reading Threat to Harvard’s Tax Status Reaches All Nonprofits – A Bloomberg Daily Tax Report ColumnPresident Names Yet Another Acting IRS Commissioner
By Matthew D. Lee on
Turmoil continues to roil the highest ranks of the Internal Revenue Service, as the President has replaced the acting IRS Commissioner that he appointed just last week. As we previously…
Continue Reading President Names Yet Another Acting IRS CommissionerOn Tax Day, President Names New IRS Chief
By Matthew D. Lee on
Yesterday, while millions of Americans were busy finalizing their tax returns, the President named a former IRS criminal investigator as the tax agency’s new leader. Gary Shapley, a former IRS…
Continue Reading On Tax Day, President Names New IRS ChiefIRS Identifies Seven Employee Retention Credit Red Flags (and Other ERC Updates)
By Brian Bernhardt on
The IRS recently issued a news release identifying seven signs that a business’s Employee Retention Tax Credit (the “ERC”) may be incorrect. The IRS Commissioner also testified before the House…
Continue Reading IRS Identifies Seven Employee Retention Credit Red Flags (and Other ERC Updates)IRS and Congress Expand Efforts to Address ERC Fraud
By Brian Bernhardt on
There are several new developments in the Internal Revenue Service’s ongoing campaign to combat false and fraudulent Employee Retention Credit (ERC) claims.
They include an indefinite extension of the agency’s…
Continue Reading IRS and Congress Expand Efforts to Address ERC FraudNew IRS Voluntary Disclosure Program Lets Businesses Repay Questionable Employee Retention Credits at a Discount
By Brian Bernhardt on
The IRS has announced a new Voluntary Disclosure Program (VDP) offering businesses a limited-time opportunity to repay improperly claimed Employee Retention Credits at a discount while avoiding penalties and interest. The VDP requires businesses to repay only 80% of the improper credits they received and has an application deadline of March 22, 2024.
Continue Reading New IRS Voluntary Disclosure Program Lets Businesses Repay Questionable Employee Retention Credits at a Discount