Aug. 30 IRS furlough day canceled

BY ALISTAIR M. NEVIUS, J.D.

The IRS announced that it will remain open on Aug. 30, canceling a previously scheduled furlough day. However, in making the announcement, IRS Acting Commissioner Danny Werfel said that the Service is still evaluating whether it must take a furlough day in September.

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 IRS took the first three scheduled furlough days. Like the Aug. 30 furlough day, the July 22 furlough day was canceled after the agency successfully cut costs.

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

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.