IRS Readies Updated Shutdown Staffing Plan
Thousands of furloughed employees could soon be called back to join the Internal Revenue Service’s skeleton staff as the partial government shutdown enters its third week. The IRS is poised to release an updated contingency plan for the tax filing season, when more employees will be considered essential and allowed to work during a funding lapse. Bloomberg Tax’s Lydia O’Neal joins host Amanda Iacone to discuss the shutdown and the latest developments on Capitol Hill. Last week, the Senate Finance Committee added some new members, while House Democrats introduced legislation that would require presidential candidates to disclose 10 years of tax returns. In the coming days, watch out for a decision on who will fill open spots on the tax legislation-writing House Ways and Means Committee under new Chairman Richard Neal (D-Mass). Host: Amanda Iacone. Producer: Nicholas Anzalotta-Kynoch.