IRS Commissioner Chuck Rettig’s term ends on Nov. 12. Treasury Secretary Janet Yellen recently announced that Douglas O’Donnell has been designated the acting commissioner and will succeed Rettig. O’Donnell has been with the IRS for 36 years, serving in various roles including his current post as deputy commissioner for services and enforcement. He’ll lead the agency on an interim basis until a successor nominated by President Biden is confirmed by the Senate. As acting commissioner, O’Donnell will oversee plans for spending the $80 billion in additional funding the IRS received through the Inflation Reduction Act. Call or visit our website for more information! www.mjscpa.com/
