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A little over 20 years ago, the Internal Revenue Service was reorganized from a geographically distributed service organization into the beginning of a technology driven organization based on four categories of customers: large businesses including international organizations, small businesses, not for profits, and individuals. At the same time, conversion from paper processing to electronic processing commenced in earnest, with the expectation of utilizing data driven efficiencies to facilitate taxpayer services, collection and enforcement. The lack of sustained funding, combined with the frequent enactment of increasingly complex tax laws, stalled completion of visionary technological changes expected for improved customer service and appropriately targeted efforts to defeat noncompliance. During 2022, $80 billion of additional long-term funding was promised. Will funds alone ensure a modern-functioning agency for the 21st century? What’s next?
Learning Objectives:
Determine the risks and challenges the IRS faces in tax law administration
Identify what are the non-financial needs are to reach modernization
Calculate how tax practitioners can work with and support the IRS’s efforts
Identify how an efficient tax system benefits taxpayers and practitioners alike