Regulatory and Legislative

President to Nominate Danny Werfel as IRS Commissioner

The White House announced President Joe Biden’s intent to nominate Danny Werfel as the next Commissioner of the Internal Revenue Service (IRS). The Commissioner is appointed by the President, by and with the advice and consent of the Senate, for a five-year term. If confirmed by the Senate, Mr. Werfel will replace Commissioner Charles Rettig, whose term expires November 12, 2022.

Mr. Werfel previously served as Acting Commissioner of the IRS in 2013. Prior to his time at IRS, Mr. Werfel was Controller of the Office of Management and Budget (OMB) and had served in multiple career civil service roles at OMB and as a Trial Attorney in the Department of Justice’s Civil Rights Division. He currently serves as a managing director and partner with Boston Consulting Group’s public sector practice.

IRS

Regulatory and Legislative

IRS Provides 2024 Electronic Filing Relief for Form 5330

IRS Provides 2024 Electronic Filing Relief for Form 5330

The IRS notes in a new post that electronic filing of Form 5330, Return of Excise Taxes Related to Employee Benefit Plans, will not be required for the remainder of the 2024 taxable year—confirming that taxpayers may continue to file by paper.