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Search Tags: IRS
Thomas J. O'Rourke, Esq., from Miles and Stockbridget, P.C., will answer your calls and emails about estate planning, and changes in the laws governing powers of attorney.
March 10, 2014
Given the choice, would you choose a date with Justin Bieber, an evening with Beyonce or a $25,000 buyout? Given the odds, chances are you will never have to make a choice, Senior Correspondent Mike Causey says. But be prepared...
IRS Commissioner John Koskinen told members of the House Appropriations Subcommittee on Financial Services and General Government that budget and staffing reductions are impacting the agency's core missions of customer service and tax collection. The agency projects it will only be able to answer 61 percent of phone calls this year, meaning some 20 million phone calls will go unanswered. Meanwhile, taxpayers attempting to reach IRS offices are facing wait times that stretch past 20 minutes.
The Internal Revenue Service and the National Treasury Employees Union reached an agreement that will see the IRS pay frontline employees performance awards starting in the spring. Acting IRS chief Danny Werfel canceled payouts of the awards last July, even though the union said the agency was obligated to pay them.
John Koskinen, sworn in as IRS commissioner in late December, has been meeting with frontline employees and crunching numbers for the last several weeks. He told Congress Wednesday that every corner of the agency is underfunded, and as a direct result, the Treasury is collecting fewer dollars than it should.
The Postal Service will kick off its pilot to provide identity management services in the cloud in early 2014. The IRS and DHS also are pursuing complimentary initiatives to authorize and authenticate users.
The head of the Internal Revenue Service said the agency isn't planning any employee furloughs this year, even though Congress decided not to restore funding to the agency that had been lost due to the across-the-board sequestration cuts. IRS Commissioner John Koskinen said the budget crunch, though, would mean taxpayers will see a decline in services.
Danny Werfel has resigned from his position of controller of the Office of Management Budget and left the federal government. He had served as controller since October 2009.
After a month of negotiations, the leaders of the House and Senate Appropriations Committees unveiled a massive $1.1 trillion spending bill this week funding the government for the remainder of fiscal 2014. From federal pay and benefits to a further decline in the Internal Revenue Service's budget, read about three key takeaways of the bill.