The Internal Revenue Service (IRS) has announced the appointment of 12 new members to the Internal Revenue Service Advisory Council (IRSAC). Established in 1953, the IRSAC serves as a vital forum for discussions between IRS officials and representatives of the public, offering valuable insights into various tax administration issues. In this blog post, we’ll introduce you to the new council members and explore the significance of their roles in shaping tax-related policies.
New Faces on IRS Advisory Council
The IRS strives to ensure that the IRSAC represents a diverse range of perspectives, including those of the taxpaying public, tax professionals, small and large businesses, tax-exempt entities, and government interests. The 12 newly appointed members, commencing their three-year terms this month, bring a wealth of experience and expertise to the council. Let’s take a closer look at some of these individuals:
- Robert Barr – With a background in leading digital transformations for public and private sector organizations, Barr brings extensive experience, including his role as the former Internal Revenue Service Assistant Commissioner for Electronic Tax Administration.
- Andrew Bloom – Head of Tax Strategy at Golub Capital, Bloom advises on tax issues for investors and manages substantive tax matters, specializing in investment fund structuring, international tax planning, and compliance.
- Elizabeth Boonin – A Certified Public Accountant (CPA) and managing member of Sound Accounting, Boonin founded a full-service public accounting firm offering individual and business tax services, IRS representation, and business valuations.
- Beatriz Castaneda – As the Director of Tax Information Reporting at Coinbase Inc., Castaneda focuses on tax information reporting for traditional services and digital assets, contributing to the development of information reporting policies.
- Steven Grieb – Senior Compliance Counsel at Arthur J. Gallagher & Co., Grieb brings over 25 years of experience in working with companies sponsoring retirement plans, specializing in Employee Retirement Income Security Act (ERISA) and fiduciary duties.
- Lawrence Sannicandro – A partner at McCarter & English LLP, Sannicandro has extensive experience representing small businesses and self-employed taxpayers in audits, appeals, investigations, and litigation in federal courts.
- Peter Smith – Senior Manager at Artisan Partners Limited Partnership, Smith is a tax specialist with over 17 years of experience in tax compliance, focusing on U.S. and international tax law for portfolio managers, investment funds, and investors.
- Cory Steinmetz – An IRS Compliance Officer and Principal Assistant Attorney General at the Office of the Ohio Attorney General, Steinmetz manages IRS compliance and litigates tax issues in state and bankruptcy courts.
- Hussein Tarraf – President of Tarraf & Associates, PC, Tarraf has over 20 years of experience in public accounting, providing tax advisory and assurance services to small to medium-sized businesses and high net-worth individuals.
- Lucinda Weigel – CPA, Enrolled Agent (EA), and owner of Weigel Tax & Accounting Services LLC, Weigel manages a small tax accounting firm specializing in assisting older and disabled clients with their tax matters and financial affairs.
- Thomas Wheadon – Head of International Tax and Transfer Pricing at MAHLE Industries, Incorporated, Wheadon is responsible for international tax calculations, modeling, and reporting, focusing on Base Erosion and Anti-Abuse Tax (BEAT) and Global Intangible Low-Taxed Income (GILTI).
- Nicholas Yannaci – Director in Group Tax at UBS, Yannaci oversees IRS correspondence related to audits, abatement requests, liens, and notices of default, ensuring accurate disclosures and compliance. The Role of IRSAC.
The IRSAC acts as a liaison between the IRS and the public, providing feedback, observations, and recommendations on a wide range of tax administration issues. It ensures that the IRS considers various perspectives when formulating policies that affect taxpayers, businesses, and other entities.
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