IRS Will Keep Its Doors Open on August 30
by Terri Eyden on
By Ken Berry
The long Labor Day weekend just got a little shorter for IRS employees.
On August 7, the IRS issued a press release saying it will remain open for business on August 30, the last of five furlough days previously announced by the nation's tax collection agency. All IRS staffers will be on the job during their regular work hours. The IRS also canceled the fourth furlough day initially scheduled for July 22.
The IRS devised the plan to use unpaid furlough days for its employees after the federal sequester required government spending cuts earlier in the year. The mandate was a big blow to the agency, which had already seen its budget slashed by $1 billion over the last three years. However, it now appears that there's enough money in the coffers to avoid the fifth furlough day, at least for the time being.
"We have made substantial progress in cutting costs. . . . Our progress is such that we have decided to postpone the furlough day scheduled for August 30. We still have more work to do on the budget and cost-savings, so we will reevaluate in early September and make a final determination as to whether we will need another furlough day in September," said IRS Principal Deputy Commissioner and Deputy Commissioner for Services and Enforcement Daniel Werfel. The news was delivered in an internal memo.
During the previous three furlough days – May 24, June 14, and July 5 – all IRS offices were completely closed and staffers stayed home. Activities resumed the next business day without a hitch.
You may like these other stories...
Business tax executives seem to agree with a majority of congressional lawmakers that tax reform is unlikely to happen this year.According to the 2014 Tax Policy Forecast Survey, which was released today by Washington, DC-...
By now, it’s pretty clear that it’s not about the money for former NFL players Hunter Hillenmeyer and Jeff Saturday.After tax authorities in Cleveland, Ohio, applied what the athletes said was unfair taxation...
Camp to Obama: Let’s talkHouse Ways and Means Committee Chairman Dave Camp (R-MI) said on March 6 there are some areas in his proposal to overhaul the tax code where he thinks he can work with President Obama, Bernie...
Upcoming CPE Webinars
BAR is an acronym for: Boundaries, Authority and Role. This simple tool will provide participants with a solid understanding of leadership essentials to improve their performance.
This material is designed to provide a start-to-finish overview of how to plan and complete high-quality small audits efficiently.
In this session Excel expert David H. Ringstrom, CPA shares numerous techniques that you can use to work with charts more efficiently.
Key Accounting and Reporting Issues for Nonprofits No. 1: Overview and Statement of Financial Position
This material focuses on non-profit organizations organization, accounting and reporting.