Thursday, August 8, 2013

new IRS commissioner

President To Nominate John Koskinen As Next IRS Commissioner

President Obama has announced his intention to nominate John Koskinen for the next commissioner of the IRS. Koskinen formerly served as the nonexecutive chair of the Federal Home Loan Mortgage Corporation (generally known as Freddie Mac) after the housing crisis, from 2008 to 2011, and as the interim chief executive officer in 2009. He retired from the board at the end of February 2012, but currently still serves on the boards of AES Corp. and American Capital, Ltd.
"John is an expert at turning around institutions in need of reform," President Obama said in a statement accompanying his announcement. "With decades of experience, in both the private and public sectors, John knows how to lead in difficult times, whether that means ensuring new management or implementing new checks and balances."

Background. If confirmed, Koskinen would replace the current Principal Deputy Commissioner of Internal Revenue, Daniel Werfel. President Obama appointed Werfel as the effective temporary head of the IRS in May 2013, following former Acting IRS Commissioner Steven Miller’s resignation under pressure from the scandal involving inappropriate targeting of exempt political organizations. Former IRS Commissioner Douglas H. Shulman had already left after his term expired in November 2012. (212) 588-1113

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