IRS Chief Nominee: Curbing Tax Evasion is Priority One

Despite former IRS Chairman Rossotti's report of the agency's failure to go after taxpayers who fail to file a return - or perhaps because of it - Mark Everson, the nominee to head the IRS, has vowed to make curbing tax evasion his top priority.

"Attorneys and accountants should be pillars of our system of taxation, not the architects of its circumvention," Everson told the Senate Finance Committee on March 18. A vote is expected next week on Mr. Everson's nomination for a five-year term as commissioner of the IRS.

If confirmed, Mr. Everson will redirect some of the IRS' budget to aggressively find companies and individual taxpayers who hide behind a curtain of complicated accounting to hide their tax obligations. Additionally, Mr. Everson indicated that he would continue with the reorganization plans and technology improvements started several years ago by Charles Rossotti, the former IRS Commissioner.

Congress has expressed concerns about the IRS' "troubling" record on collecting tax obligations from both corporate and individual taxpayers. According to a report presented to Congress last year, the IRS failed to pursue 75% of taxpayers who fail to file a return. Additionally, 60% of identifiable tax debts are not pursued.

If confirmed, all eyes will be on Mr. Everson to see if he can continue reforming the agency and make it operate more effectively. Closely watching his actions will also be his wife, Nanette Everson, who oversees ethics in the White House counsel's office.

You may like these other stories...

Bank Leumi said to face $300 million demand in tax caseDavid Voreacos and Greg Farrell of Bloomberg reported on Wednesday that New York’s banking regulator will ask for more than $300 million to settle an investigation...
Mike "the Situation" Sorrentino, one of the stars on the former TV show "Jersey Shore," is in the middle of…well, a tax situation.On October 23, the erstwhile reality show attraction was arraigned...
Deal to lock in US tax cuts is bubbling up on the HillSome US lawmakers are exploring a post-election deal that would lock in permanent tax cuts for major corporations and low-income families, Richard Rubin of Bloomberg...

Already a member? log in here.

Upcoming CPE Webinars

Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.
Nov 18In this session Excel expert David Ringstrom, CPA tackles what to do when bad things happen to good spreadsheets.
Nov 19How do you minimize redundant work and unnecessary steps to maximize the amount of work moving through your firm?
Nov 20Kristen Rampe will share how to uncover new opportunities with your clients by asking powerful questions.