IRS Commissioner Shulman to Step Down
by Terri Eyden on
By AccountingWEB Staff
On October 10, 2012, the IRS made the announcement that Douglas Shulman, who has led the agency since March 2008, will step down November 9.
During his four-year term, he made significant changes to some of the agency's infrastructure, such as updating many of its outdated computer systems. Shulman was also responsible for pushing through more rigorous training and higher standards for paid tax preparers.
Shulman took positive regulatory action against corporate tax dodgers and individual tax evaders hiding money offshore. In fact, following the Department of Justice's prosecution of the UBS case in Switzerland, Shulman's amnesty program persuaded more than 15,000 taxpayers to turn themselves in rather than risk criminal prosecution. As a result, the government has recovered more than $5 billion in unpaid taxes, interest, and penalties.
"Thanks to his aggressive leadership, Swiss banks are no longer a place where people can park their money and cheat Uncle Sam," said Mark W. Everson, a former IRS commissioner.
In an April 2012 speech before the National Press Club, Shulman said that the key to running the IRS - a immense operation that collects $2.4 trillion in taxes each year - is "a relentless and myopic focus on priorities . . . not getting distracted by too many crises or incoming demands."
Treasury Secretary Timothy F. Geithner praised Shulman's efforts, saying Shulman "has helped make the nation's tax system more fair, efficient, and effective."
The IRS has made "remarkable progress in the last few years during a challenging period," Shulman said. "It has been an honor to serve the American people during this dynamic time."
Steven Miller, a deputy commissioner and a twenty-five-year IRS veteran, will serve as acting commissioner until a permanent successor is nominated by the president.
You may like these other stories...
IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails connected to Lois Lerner, the ex-IRS official at the...
The Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses.The measure, HR 4718, which was crafted by Representative Pat...
The Republican-led House of Representatives is expected to pass a bill this week that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.The Obama administration said...
Upcoming CPE Webinars
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
FRF for SMEs Series--Statement of Cash Flows, Subsequent Events, Related Party Issues, Accounting for Investments including Consolidations, Part 4A
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.