Biden’s IRS Nominee: Agency Will Increase Audits of Wealthy Taxpayers

President Joe Biden’s nominee to lead the Internal Revenue Service pledged to increase scrutiny of certain wealthy taxpayers at his confirmation hearing Wednesday before the U.S. Senate Committee on Finance.

Daniel Werfel, most recently of Boston Consulting Group, served a stint as Acting Commissioner of the IRS in 2013. Lawmakers questioned him on a range of issues, including setting audit priorities, improving customer service, and modernizing the agency’s technological capabilities. Werfel is expected to be confirmed, as Democrats have enough votes to finalize his appointment without Republican support.

Source: https://www.barrons.com/articles/irs-audits-wealthy-a51c8ef8?siteid=yhoof2&yptr=yahoo