The Commissioner of the Internal Revenue Service (IRS), as of June 2014, is John Koskinen. The commissioner presides over the IRS. There is no position or title of significance at the IRS of "director."Know More
As Commissioner, Mr. Koskinen is responsible for a system that collects an approximate 2.4 trillion dollars annually. This collection funds most federal government operations and services.The agency employs some 90,000 employees and has a budget of an estimated 11 billion dollars.
Koskinen has a long executive history, including a tenure at Freddie Mac (the Federal Home Loan Mortgage Corporation), which included a 2009 appointment as acting executive director.Learn More
The Internal Revenue Service, commonly referred to as the IRS, facilitates direct deposit into a bank account for tax refunds when requested. According to the IRS website, taxpayers in 2014 who use an e-file service and request direct deposit typically receive refunds in as little as 10 days.Full Answer >
To prove insolvency to the IRS, an insolvency worksheet calculates the amount of cancelled debt income that can be excluded, and Form 982 is used to report it to the IRS. The worksheet does not have to accompany the tax return, according to the IRS.Full Answer >
As of 2014, the IRS can audit tax returns that have been filed within the past three years. However, if a substantial error is found, the agency can include additional years. In this case, an audit usually does not cover returns that date back further than the past six years.Full Answer >
If two people claim the same dependent, the tax filers must contact the Internal Revenue Service (IRS) support line to explain the errors, according to efile.com. The tax filers must mail another income tax form along with any additional required forms and the IRS conducts an audit of both returns and responds with a decision. The entire process can take from eight to twelve weeks.Full Answer >