Frank Bisignano, who already leads the Social Security Administration, will also take on the day-to-day duties of the tax collector.

The former chief executive of the payments processor behemoth will now lead the Internal Revenue Service as well as the Social Security Administration.

U.S. Treasury Secretary Scott Bessent will remain in his role as commissioner of the Internal Revenue Service, CNBC reported on Monday citing sources. Bessent is expected to announce that Frank Bisignano will serve in the newly created position of CEO at the IRS,