Friday Mar 14, 2025

Episode 36: IRS Workforce Cuts, BOI Deadline Extended, and New Acting Commissioner

In Episode 36, hosts Zac Crites and Tanner Nickles break down major developments at the IRS. We discuss reports that the IRS is drafting plans to cut its workforce, the potential impact on tax professionals, and how automation is reshaping the agency’s future. We also dive into FinCEN’s decision to extend the BOI reporting deadline and temporarily halt enforcement, raising new compliance questions for businesses. Finally, we introduce Melanie Krause, the newly appointed Acting IRS Commissioner following Douglas O’Donnell’s retirement, and explore what her leadership could mean for the agency moving forward.

 

Resources:

https://www.cnn.com/2025/03/04/politics/irs-drafting-plans-cut-workforce/index.html

https://www.journalofaccountancy.com/news/2025/feb/fincen-extends-boi-reporting-deadline-halts-enforcement.html

https://www.irs.gov/newsroom/krause-to-serve-as-acting-irs-commissioner-odonnell-retires-after-distinguished-career

 

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