President Trump will soon nominate Charles P. Rettig to become the next Commissioner of the Internal Revenue Service (IRS), according to a reliable media report. If nominated and confirmed by the Senate, Rettig's initial term would run through November 12, 2022. He would relieve David Kautter, who is currently working as Acting Commissioner while also serving in his permanent position as Assistant Secretary of the Treasury for Tax Policy. The term of office for IRS Commissioner runs in five-year increments that are fixed by date rather than by the date of swearing in. The current five-year term for Commissioner started on November 13, 2017. The President may choose to reappoint or replace the Commissioner at the end of each term.
Today, during a meeting at the IRS, the head of the IRS Tax Reform Office told NSA EVP John Ams that the 199A regulations will be released in mid-July. In addition to the expected release date, EVP Ams ...
Treasury Secretary Mnuchin announced the department will unveil a new Form 1040, U.S. Individual Income Tax Return, next week that will come in the shape of a postcard “as promised.”
In the lead-up ...
As a service to our members at the upcoming NSA Annual Convention in Minneapolis, the NSA Accounting Standards Committee will offer to critique financial statements prepared by your office. The statements ...
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