IRS Advisory Council: Annual report, recommendations

IRS Advisory Council: Annual report, recommendations

The IRS Advisory Council today released to the IRS Commissioner its annual report for 2015 with tax administration recommendations.

Related content

An overarching recommendation is that the IRS needs sufficient funding to operate efficiently and effectively, to provide timely and useful guidance and assistance to taxpayers, and to enforce current law so that the integrity of and respect for the U.S. voluntary tax system is maintained. 

As noted in an IRS release (November 18, 2015), other recommendations concern:

  • Identity authentication of the Form 1040 series
  • Third-party payer arrangements for employment taxes
  • Continuity of independence, strength and visibility of the Office of Professional Responsibility
  • Statutory authority of the IRS to regulate tax practice
  • International information return penalties

The IRS Advisory Council is an advisory group to the entire tax agency, and has a primary purpose of providing an organized public forum for the Commissioner, senior IRS executives, and representatives of the public to discuss relevant tax administration issues.

Timothy McCormally, a director in KPMG’s Washington National Tax, currently serves as a member of the IRS Advisory Council.

© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.