Treasury Secretary Scott Bessent, as acting commissioner of the IRS, could continue his mission to end the weaponization of the agency and unravel Biden-era policies.
Bessent visited the IRS for the first time as acting commissioner and has reiterated his three priorities for the agency: revenue collections, privacy, and customer service.
Twenty members of the House Ways and Means Committee urged the IRS to reconsider a Biden-era guidance that created confusion for taxpayers and increased the likelihood of enforcement actions by raising questions about routine business transactions.
The Biden-era guidance, formally known as Revenue Ruling…
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