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More IRS hearings scheduled for June 26 and June 27
by House Oversight and Ways & Means committees

June 21, 2013

The embattled Internal Revenue Service has enjoyed a bit of a reprieve from Congressional hearings, but the grilling resumes next week.

On Wednesday, June 26, the House Oversight and Government Reform Committee wants to talk about the tax agency's contract with Strong Castle Inc. of Washington, D.C.

In 2012, when the company was known as Signet Computers, Inc., it was awarded an $80 million computer contract with the IRS.

Two other companies, however, filed protests with the Government Accountability Office, questioning Signet/Strong's certification as a HUBZone, that is, a small business located in a highly underutilized business zone.

Then in February, Oversight Committee Chairman Darrell Issa (R-Calif.) launched an investigation after receiving information about a personal relationship between an IRS contracting officer and Strong Castle CEO Braulio Castillo.

The Oversight Committee's hearing notice has no details as to who will testify.

The Ways and Means Committee is more forthcoming on what it wants at its hearing on Thursday, June 27.


IRS head Daniel Werfel testifying before House committeeChairman Dave Camp (R-Mich.) expects to hear details from the IRS on its internal investigation into its questionable review process of Tea Party groups seeking tax-exempt status.


Daniel Werfel, IRS principal deputy commissioner, will be the only
witness at the hearing. (I'm sure Treasury Inspector General for Tax Administration J. Russell George is thrilled that he didn't get an invitation!)

In addition to providing the tax-writing panel with his review of the 501(c)(4) application process, Camp and crew also want to hear from Werfel about "any remedial and disciplinary actions that have been implemented by the IRS." 

That is, the Representatives want to know who has or will be fired.

So mark your calendars, folks. The IRS bashing begins anew.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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