IRS announces Key Executive changes to implement the Taxpayer First Act

WASHINGTON – The Internal Revenue Service today announced several key leadership appointments as work continues implementing major provisions of the Taxpayer First Act.

Douglas O’Donnell will serve as the new IRS Deputy Commissioner, Services and Enforcement. Among other leadership changes, Sunita Lough will be returning to serve as the IRS Commissioner of the Tax Exempt and Government Entities Division (TEGE).

These leadership changes are part of a larger effort underway at the IRS to continue work on the Taxpayer First Act, which includes work to reimagine the agency’s tax administration and work to improve taxpayer service and enforcement.

“I am proud of the dedicated and nimble leadership of the IRS, along with all the employees,” said IRS Commissioner Chuck Rettig. “As we emerge from the pandemic, our strong leadership team is making some changes to take on the important challenges ahead. Taxpayers need to see the IRS renewing the fight each day for the highest possible service and tax compliance.”

Sunita Lough has served as the IRS Deputy Commissioner, Services and Enforcement, since September 2019. She is returning to her prior position as Commissioner of TEGE, a role she previously held from 2014 to 2019. Continue reading

IRS Update: Combat-zone contract workers qualify for foreign earned income exclusion

WASHINGTON — Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion.

The Bipartisan Budget Act of 2018, enacted in February, changed the tax home requirement for eligible taxpayers, enabling them to claim the foreign earned income exclusion even if their “abode” is in the United States. The new law applies for tax year 2018 and subsequent years.

This means that these taxpayers, if eligible, will be able to claim the foreign earned income exclusion on their income tax return for 2018 when they file. Under the exclusion, taxpayers can choose to exclude their foreign earned income from gross income, up to a certain dollar amount. For tax year 2018, that dollar amount limit is $103,900. Continue reading

Malkin & Daigle LLC, CPA in New Milford, CT

We are a small firm providing outstanding service to our clients because of our dedication to professionalism, responsiveness and quality. With over 30 years in business serving western Connecticut, we are acutely aware of the challenges of trying to keep pace with ever-changing regulations while growing a business or investing in your family’s future.
We work together to insure that our clients receive the best of all of us, and, as a result, client referrals have fueled our growth in recent years. We are committed to continuing to provide our existing clients with the high level of service to which they have become accustomed, and we welcome opportunities to share our energy and abilities with new clients.
Mark A. Malkin, CPA
Mark is co-owner of Malkin & Daigle LLC and a Certified Public Accountant in the State of Connecticut since 1983. Prior to branching out as a sole proprietor in 1993, Mark partnered with several local CPA firms. He is a member of the American Institute of Certified Public Accountants including the Tax Planning Division and a member of the Connecticut Society of Certified Public Accountants. Mark serves on the boards of several business and civic organizations in the community. He is a graduate of Western Connecticut State University.
Laura J. Daigle, CPA
Laura is co-owner of Malkin & Daigle LLC and a Certified Public Accountant in the State of Connecticut. Laura joined the firm in February 2010 following a twenty-five year career in industry. She has experience in both the public and private sectors, most recently serving as Managing Partner of a privately-owned landscaping design company. Prior to that, Laura spent five years as Corporate Controller of Chilton Investment Company, a global investment management firm, and thirteen years with Pepsico. Early in her career, Laura held accounting positions with the Financial Accounting Standards Board and Ernst & Young. Laura is actively involved in numerous civic and charitable organizations throughout Northern Fairfield County. She is a graduate of the University of North Carolina at Chapel Hill.
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