IRS and Treasury News

The IRS furloughed nearly half of its staff last Wednesday.  Most operations will close, but employees working on filing season preparation, IT, and implementation of tax provisions included in the recently enacted One Big Beautiful Bill Act will continue working, as will some in the criminal division.

The administration announced that Derek Theurer, also nominated to be Treasury Deputy Under Secretary for Legislative Affairs, will serve as acting Deputy Secretary of Treasury.  Michael Faulkender previously held that position, but he left the Department last month.