Daily Tax Update - July 20, 2016: Senate Finance Committee Announces New Lead Tax Counsel

Senate Finance Committee Announces New Lead Tax Counsel:  Today, Senate Finance Committee Ranking Member Ron Wyden (D-OR) announced that Victor Fleischer and Tiffany Smith will serve as co-lead minority tax counsel.  Fleischer and Smith will replace Todd Metcalf, who recently announced his departure for PricewaterhouseCoopers.

IRS Adds Multi-Factor Authentication for Identity Protection PIN:  Today, the IRS announced that it has added a multi-factor authentication process, such as through a code sent to a cell phone, to create an additional layer of security for the assignment of identity protection PIN numbers to taxpayers who were the victims of identity theft.