IRS nominee: No audit boost for businesses under $400K

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If confirmed as IRS commissioner, Daniel Werfel says he will commit to not increasing tax audits on businesses and households making less than $400,000 per year, according to report from the Associated Press.

Anticipating questions ahead of his confirmation hearing Wednesday before the Senate Finance Committee, Werfel in prepared testimony made several other commitments aimed at revamping the beleaguered agency. He promised to modernize the agency’s technology, address its paperwork burden, and audit high-income earners.

Werfel, 51, who led Boston Consulting Group’s global public sector practice, was nominated to replace Charles Rettig. Selected by President Donald Trump to lead the agency, Rettig left when his five-year term ended in November. An acting commissioner has been filling in.

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