July 22 IRS furlough day canceled

BY ALISTAIR M. NEVIUS, J.D.

The IRS canceled its scheduled furlough day for Monday, July 22, acting IRS chief Danny Werfel announced on Tuesday. Instead of closing and sending IRS workers home for a day of unpaid leave, “[t]he IRS will be open for taxpayers that day as scheduled,” he said in a message to IRS employees.

The IRS is also evaluating whether to cancel its last scheduled furlough day on Aug. 30. Werfel attributed the change to “a lot of hard work across the Service to cut costs.”

In April, the IRS announced that it would close all public-facing operations, including toll-free operations and Taxpayer Assistance Centers, on May 24, June 14, July 5, July 22, and Aug. 30, with another two days of closings possible in August or September. The furlough days were scheduled in response to mandatory federal budget cuts from sequestration.

The first three furlough days occurred as scheduled.

Alistair Nevius ( anevius@aicpa.org ) is the JofA’s editor-in-chief, tax.

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out