The Treasury Department tapped Robert Carroll, deputy assistant secretary for tax analysis, and deputy assistant secretary for regulatory affairs, Eric Solomon, to assume interim leadership roles in tax policy until a new assistant secretary for tax policy is appointed. In those roles, Carroll will provide economic advice and analysis with regard to tax policy issues on behalf of the Treasury, while Solomon will continue to direct the regulatory guidance process in his current role as deputy assistant secretary for regulatory affairs. He also will serve as the acting deputy assistant secretary for tax policy. The moves come roughly one week following the Dec. 17 resignation of Greg Jenner, who served as acting assistant secretary for tax policy. Jenner assumed that post after incumbent Pamela Olson left the Treasury for a job in the private sector. Under current law, the president must either nominate a new Treasury assistant secretary for tax policy or designate an acting leader.
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The Supreme Court heard arguments in a case revolving around whether a county violated the rights of a homeowner whose home was foreclosed on for owing taxes.
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While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.
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The Internal Revenue Service confirmed Treasury Secretary Scott Bessent's term as acting IRS commissioner has expired, although he will continue to oversee it.
March 13 -
The Audit Practitioner Fellowship Program will allow auditors to share their expertise with PCAOB staff.
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Plus, Digits' payroll integrations goes from 1 to 18; Campfire announces Ember Agents; and other news and updates from the accounting tech world.
March 13 -
Aprio appoints first global M&A growth leader; Koltin Consulting names chief corporate development officer; and more news from across the profession.
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