Rossotti Remains at IRS Through 2002

According to a story published in the Electronic Accountant, Internal Revenue Service Commissioner Charles Rossotti will remain in office after the presidential election and through November 2002.

Speculation surrounding Rossotti's departure have circulated for months. Many were certain he would leave in favor of the private sector. However, Rossotti says that one of the provisions of the new and improved IRS was to have the commissioner in office for five years.

In this case, his term would not be up until November 2002.

The IRS Restructuring and Reform Act of 1998 also called for a revised organizational structure, and for the first time since the Act was approved, the Service will begin staffing up with positions in taxpayer education and tax specialist positions.