Tax Recommendations Aplenty in Latest IRSAC Report
- The IRS needs sufficient funding to operate efficiently, provide timely and useful guidance to taxpayers, and enforce current law so respect for the American voluntary tax system is maintained.
- The IRS should continue to expand voluntary correction programs to facilitate taxpayers' self-reporting prior year noncompliance.
- Reduce processing time for Form 2848 , Power of Attorney and Declaration of Representative.
- Review the transcript request policy for the Practitioner Priority Service (PPS) toll-free line.
- Risk-assess large taxpayers.
- Schedule M-3 , Net Operating (Loss) Reconciliation for Corporations with Total Assets of $10 Million or More.
- Implement strategies to increase use of online payment agreements .
- Make modifications to Notice CP2030 .
- Provide guidance to practitioners regarding professional obligations.
- Treasury Department Circular 230  enrollment of former IRS employees.
"Tax administration is enhanced with the promulgation of clear, concise rules and regulations and readily available assistance for taxpayers and tax professionals. These factors reduce taxpayers' compliance burdens, allowing resources to be used for more productive activities," the IRSAC stated in the report. "The IRSAC commends the IRS for continuing to seek ways to improve taxpayer service while reducing taxpayer burden by adding new and improved technology."