Social Security Administration Commissioner Frank Bisignano will also take on the newly created role of Chief Executive Officer of the Internal Revenue Service, the Treasury Department announced Monday.

Treasury Secretary Scott Bessent will remain in his role as IRS commissioner, with a new official to be announced as his top deputy

The U.S. Treasury announced several hires to top posts on Wednesday, and sources said the new officials plan to push a key part of President Joe Biden's economic agenda: ramping up tax enforcement and regulation at home and overseas.

The Treasury Department posted a contingency plan Monday for the Internal Revenue Service in the event of a government shutdown this week.

The IRS whistleblowers who were central to the criminal investigation of Hunter Biden are being promoted into leadership positions in the Treasury Department. “I went and decided I would bring them into Treasury, give them a year to investigate the ...

Frank Bisignano, the Commissioner of the Social Security Administratio, will also serve as CEO of the Internal Revenue Service.

The Treasury Department reported it has made significant progress on modernizing information systems at the Internal Revenue Service and signed agreements.

“Treasury and the IRS understand there might be challenges implementing the new law and have determined it is in the interest of sound tax administration to provide limited penalty relief related to remittance transfer tax deposits,” the service wrote in a statement.