Senate Finance Committee

Charles Rettig Is One Step Closer to Earning His IRS Commissioner Placard

Beverly Hills tax attorney and Academy of Magical Arts member Charles Rettig is on the cusp of becoming the next commissioner of the IRS, after the Senate Finance Committee voted 14-13 on July 19 to send his nomination to the Senate floor. The nomination vote, which fell along party lines, had to be postponed until […]

IRS Commissioner Nominee Pledges He Will Work for All Taxpayers (Not Just Donald Trump)

Charles Rettig, the Beverly Hills, Calif., tax attorney who was nominated by President Trump to head the IRS and who once wrote that Trump’s lawyers should not advise him to release his tax returns, told senators on June 28 that he would work on behalf of the average Joe taxpayer, not just the rich. The […]

Man Who Would Have Unenviable Task of Overseeing Implementation of New Tax Law Changes at IRS Will Have Confirmation Hearing This Week

That man is Beverly Hills, Calif., tax attorney and member of the Academy of Magical Arts, Charles “Chuck” Rettig. The Hill reported last Friday that the Senate Finance Committee will hold a hearing scheduled for June 28 to consider Rettig’s nomination to be the next IRS commissioner. Rettig was nominated by President Trump earlier this […]

It’s Not Accrual World For These Forty-Six Senators Who Are All For Cash Accounting

You may have heard that the Senate is considering, as part of tax reform, to require many cash basis businesses to make the switch to accrual. Because nothing says "reform" like using the method that doesn't actually require money changing hands. Well, the AICPA hates the idea. I'm sure you thought what I did at […]

Save the Date: Senate Hearing on Protecting Taxpayers from Incompetent and Unethical Return Preparers

I may have blown off the PCAOB public meeting this week but this I can totally get with. Mostly because they used the word "incompetent" so brazenly (the irony of which is obviously lost on the Senate). The Senate Finance committee will be tackling the all important topic of "Protecting Taxpayers from Incompetent and Unethical […]

Senate Finance Committee Approves Guy for Thankless Job

NEWS: Finance Committee Approves Nominees for IRS Commissioner, Deputy Treasury Secretary, ITC http://t.co/j2UTWpHof2 — Senate Finance Cmte (@SenateFinance) December 13, 2013

Acting IRS Commissioner Admits That Planting a Question About Reviewing 501(c)(4) Orgs at a Sleepy Tax Conference Wasn’t Such a Great Idea After All

Under less-than friendly questioning from members of the Senate Finance Committee Steven Miller was all, "Yeah, that was my bad." “I will take responsibility for that,” Miller said, expanding on last week’s admission that he knew mid-level manager Lois Lerner had answered a question planted by a member of an IRS advisory council. “Now that we had […]