IRS Commissioner Billy Long to Depart, With Bessent Now Acting Head

The IRS Commissioner, Billy Long, has announced his departure, and Daniel Bessent has been appointed as the Acting Commissioner. The change in leadership comes as the IRS faces significant challenges, including a backlog of tax returns and the ongoing implementation of the recent tax law changes. The article notes that Long's departure is not unexpected, as he had previously indicated his intention to step down. Bessent, who previously served as the Deputy Commissioner, will now take over the agency's operations as the Acting Commissioner. The article highlights the key priorities for the IRS under the new leadership, which include addressing the backlog of tax returns, improving taxpayer services, and ensuring the successful implementation of the tax law changes. The transition is expected to occur smoothly, with Bessent's experience and expertise seen as an asset in navigating the agency's current challenges.