If confirmed as IRS commissioner, Daniel Werfel says he will commit to not increasing tax audits on businesses and households making less than $400,000 per year.
Anticipating questions ahead of his confirmation hearing Wednesday before the Senate Finance Committee, Werfel in prepared testimony makes several other commitments aimed at revamping the beleaguered agency.
People are also reading… Werfel, 51, who led Boston Consulting Group's global public sector practice, was nominated to replace Charles Rettig. Selected by President Donald Trump to lead the agency, Rettig left when his five-year term ended in November. An acting commissioner has been filling in. Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio Republicans have suggested without evidence that the agency would use the new money to hire an army of tax agents with weapons.
GOP criticism appeared more directed at Biden administration efforts to bolster funding for the agency than at Werfel himself. But tax experts say Werfel should expect to face a slew of managerial questions. Bruckner referred to a Stanford University study that showed IRS data-driven algorithms chose Black taxpayers to audit up to 4.7 times the rate of non-Black taxpayers."The next generation of workers care about these things, and this is a leadership challenge," she said.
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IRS nominee: No audit boost for households under $400,000President Biden's nominee to lead the IRS says that, if confirmed, he will commit to not increasing tax audits on businesses and households making less than $400,000 per year. Daniel Werfel’s pledge comes in prepared remarks for his confirmation hearing.
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