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...

School tax breaks get House support as Democrats objectRichard Rubin of Bloomberg reported that the House of Representatives on Thursday voted to expand and simplify tax breaks for education as Republicans continue to pass...
Many senior US tax professionals believe that a streamlined audit process will be the top benefit resulting from the IRS Transfer Pricing Audit Roadmap, a new toolkit organized around a notional 24-month audit timeline,...
Tax accounting to be simplified for money-market fundsThe US Securities and Exchange Commission (SEC) voted 3-2 on Wednesday for sweeping changes to institutional money-market funds, Emily Chasan, senior editor of...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.