Regulatory and Legislative

Senate Confirms New IRS Commissioner

The United States Senate on Thursday confirmed Danny Werfel, in a 54-42 vote, as the next commissioner of the Internal Revenue Service. Mr. Werfel, who was nominated in November 2022 as his predecessor Charles Rettig’s term ended, will serve through November 2027.

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. Prior to his nomination as IRS Commissioner, Mr. Werfel served as a managing director and partner with Boston Consulting Group’s public sector practice.

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.