Bessent names new CEO for tax collection agency

Spread the love

Treasury Secretary Scott Bessent, who is serving as acting commissioner of the Internal Revenue Service, created a new position to lead the day-to-day operations of the federal government’s tax collection agency.

Bessent announced that Commissioner of the Social Security Administration Frank Bisignano will serve as Chief Executive Officer of the IRS. In the newly created position, Bisignano will report directly to Bessent. Bisignano will manage the organization and oversee day-to-day IRS operations while continuing to serve as Commissioner of the Social Security Administration.

“Frank is a businessman with an exceptional track record of driving growth and efficiency in the private and now public sector,” Bessent said in a statement.

IRS officials said the IRS and SSA share many of the same technological and customer service goals.

“Under his leadership at the SSA, he has already made important and substantial progress, and we are pleased that he will bring this expertise to the IRS as we sharpen our focus on collections, privacy, and customer service in order to deliver better outcomes for hardworking Americans,” Bessent said.

The IRS has gone through seven leaders so far this year. Last month, U.S. Sen. John Cornyn, R-Texas, called for “stability” at the IRS.

Bisignano previously served as Chairman and CEO of Fiserv, the world’s largest financial services and payment technology company. He also held similar jobs running large organizations that managed sensitive data.

The IRS media office didn’t immediately answer questions about pay for the new IRS CEO position. Many federal media relations offices closed amid the ongoing partial federal government shutdown.

Last month, the Treasury Inspector General for Tax Administration wrote in a report that it was concerned about the IRS’s staffing levels.

“We expect workforce reductions to impact key processing programs and customer service going forward,” the September report noted. “We are concerned about how this will impact the 2026 Filing Season. Key IRS functions responsible for managing the filing season have lost 17% to 19% of their workforce.”

The report noted that the staffing issues come as the agency prepares to implement key tax provisions included in the Republicans’ One Big Beautiful Bill Act. The GOP measure expanded deductions for tipped workers, overtime pay, senior citizens and people with high state and local tax bills.

“Staffing losses in the IRS’s Information Technology function and recently enacted legislation create additional challenges for the IRS as it prepares for the 2026 Filing Season,” according to the report. “The One Big Beautiful Bill Act will require the IRS to make substantial changes ahead of the 2026 Filing Season, but the agency will have fewer Information Technology resources to timely update processing systems.”

Leave a Comment





Latest News Stories

Four House Republicans rebel against Trump, help pass War Powers Resolution

Four House Republicans rebel against Trump, help pass War Powers Resolution

By Thérèse BoudreauxThe Center Square In the second congressional rebuke of the Trump administration's mission against Iran, the U.S. House passed a War Powers Resolution when four Republicans joined Democrats...
Hilton, Becerra remain ahead in California gubernatorial race

Hilton, Becerra remain ahead in California gubernatorial race

By Chris WoodwardThe Center Square It still appears that Steve Hilton and Xavier Becerra will advance out of the June 2 primary and into the Nov. 3 general election for...
Budget math undercuts Bessent's deficit reduction pledge

Budget math undercuts Bessent’s deficit reduction pledge

By Brett RowlandThe Center Square President Donald Trump's next budget projects federal deficits running more than double Treasury Secretary Scott Bessent's stated target through at least 2029 while also calling...
State Police, IDOT break ground on $14M training facility

State Police, IDOT break ground on $14M training facility

By Sean Reed | The Center SquareThe Center Square (The Center Square) – The Illinois State Police and the Illinois Department of Transportation broke ground on a joint venture to...
Republican data privacy bill scrutinized in congressional hearing

Republican data privacy bill scrutinized in congressional hearing

By Thérèse BoudreauxThe Center Square Businesses and online privacy advocates hold diametrically opposing views on the wisdom of congressional Republicans’ plans to enact a nationwide framework for consumer data privacy...
World Cup: Economic impact equation includes displaced regular tourism

World Cup: Economic impact equation includes displaced regular tourism

By Kim JarrettThe Center Square Putting a dollar figure on the economic impact of the FIFA World Cup games scheduled for Atlanta is not an exact science, economists say. Eight...
Illinois Quick Hits: Johnson says comptroller running is 'no breaking news'

Illinois Quick Hits: Johnson says comptroller running is ‘no breaking news’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Chicago Mayor Brandon Johnson says it’s no breaking news that Illinois Comptroller Susana Mendoza is running for...
Trump targets 60 economies with forced labor tariffs

Trump targets 60 economies with forced labor tariffs

By Brett RowlandThe Center Square The U.S. Trade Representative proposed tariffs of 10% to 12.5% on imports from 60 economies, including Canada, Mexico, Japan and the European Union, arguing that...
Lawmakers probe $1.2B Ohio Medicaid fraud

Lawmakers probe $1.2B Ohio Medicaid fraud

By Christine Johnson and Andrew RiceThe Center Square Federal lawmakers called for greater fraud enforcement in the Medicaid Waiver Program on Wednesday, citing concerns over recent reports of $1.2 billion...
Debt burden, pensions burden Chicago Public Schools

Debt burden, pensions burden Chicago Public Schools

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The author of a new Civic Federation report says taking on more debt would be a death...
Nearly 100,000 Illinois Uber, Lyft drivers may soon be able to unionize

Nearly 100,000 Illinois Uber, Lyft drivers may soon be able to unionize

By Sean Reed | The Center SquareThe Center Square (The Center Square) – A proposal that would allow many Uber and Lyft drivers to form a sector-wide union and engage...
Michigan lawmakers spar over Rx Kids program amid oversight concerns

Michigan lawmakers spar over Rx Kids program amid oversight concerns

By Elyse ApelThe Center Square Michigan lawmakers are sparring over the future of the state's Rx Kids program, a cash-assistance initiative that has received more than $300 million in taxpayer...
UPDATED: Waters, other incumbents ahead in LA congressional races

UPDATED: Waters, other incumbents ahead in LA congressional races

By Zachery SchmidtThe Center Square Editor's note: This story has been updated with new results from Wednesday morning. Democratic incumbents topped the vote counts in Los Angeles congressional districts in...
GOP rep: New budget shows 'addiction' to taxes

GOP rep: New budget shows ‘addiction’ to taxes

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says Illinois’ new budget for fiscal year 2027 protects working families from new taxes,...
Retirees face $5,500 average cut to annual Social Security benefits in 2032

Retirees face $5,500 average cut to annual Social Security benefits in 2032

By Thérèse BoudreauxThe Center Square Over 60 million Americans could see their monthly Social Security checks slashed by $500 on average starting in 2032, according to a new report analyzing...