Mark W. Everson Tapped As New IRS Commissioner: The Bush administration has nominated Mark W. Everson as the commissioner of the Internal Revenue Service.
Most recently, Everson served as deputy director of the Office of Management and Budget, the president’s chief management officer, with responsibilities for establishing management policies for all executive agencies in the areas of finance, human capital, procurement and information technology. Prior to that, he was controller of the Office of Federal Financial Management.
Before joining the Bush administration in August 2001, Everson served as group vice president of finance of SC International Services Inc., a $2.2 billion, privately owned, Dallas-based food services company. From 1988 until 1998, Everson was an executive with the Pechiney Group, a large producer and converter of aluminum.
Everson began his career with Arthur Andersen & Co., in New York. He received his B.A. in History from Yale University and has a Masters of Science in Accounting from the New York University Business School.
IRS Offers Limited Amnesty Program: The Internal Revenue Service rolled out a limited amnesty program in an effort to flush out the use of offshore credit cards to avoid United States taxes.
Under the new program, taxpayers must provide full details on those who promoted or solicited the offshore arrangement. In return, they won’t face penalties for civil fraud, though they will still be required to pay back any taxes, interest and certain accuracy or delinquency penalties. The deadline for applying for the program is April 15, 2002.
While having an offshore credit card isn’t a crime, it is illegal to use that account to avoid paying U.S. income taxes. And the IRS says that one of the problems it faces is that an offshore card makes it easier for a taxpayer to access bank accounts in countries that allow income to be hidden.
Hensley Resigns At CCH - New President Not Yet Named: Rebecca Hensley has resigned her position as president of CCH, the publisher of accounting industry software and research materials. Gene Landoe, current CCH Legal Information Services president and a CCH veteran, will serve as the interim chief executive.
Hensley, who began her career at Washington-based Bureau of National Affairs, joined CCH in 1994 as director of the CCH Editorial Resource Center. She later became publisher of CCH’s Federal and State Tax unit, which includes the CCH flagship Standard Federal Tax Reporter and the CCH Federal Tax Service. She was named president of CCH in July 1999.
In a memo to employees, Hensley cited family responsibilities as a major factor in reaching her decision.
WG&L and RIA End Deal with LexisNexis: Warren Gorham & Lamont and RIA tax and accounting materials are now available exclusively on the RIA Checkpoint service and West’s Westlaw service, ending a long-time content relationship with legal and business research company Lexis-Nexis.
RIA supplied LexisNexis with tax and accounting information since the 1980s, according to Keith Haurie, senior director of product management at RIA. He touted Checkpoint as a better format for viewing and searching tax information than any third-party distributor.
The split comes less than a year after LexisNexis increased its direct marketing of services to tax and accounting professionals.
With Westlaw, legal researchers can create a custom tab for tax information, build personalized tax databases, quickly determine the status of documents using KeyCite flags and find relevant authority using the West Key Number System.
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