TXCPA Participates in IRS Roundtable on Implementing Inflation Reduction Act Funding
01/31/2023
On Jan. 19, representatives of TXCPA and other tax professional organizations attended an Inflation Reduction Act roundtable discussion in Dallas led by IRS Stakeholder Liaison Director Derek Ganter. The Inflation Reduction Act signed into law Aug. 16, 2022, provided $80 billion in funding to the IRS over a 10-year period.
The purpose of the roundtable is to offer a platform to hear feedback from stakeholders on implementation of new tax law provisions as well as transformation of tax compliance, taxpayer services, human capital and IT modernization. This allows the stakeholders to have influence and impact into the direction the agency is going.
This is one of many roundtables that the IRS is conducting in communities across the nation in preparation for their report to Treasury Secretary Janet Yellen this month.
IRS expects better tax season service thanks to Inflation Reduction Act funding - ABC News (go.com)
U.S. Treasury Secretary Janet Yellen says IRS needs to be 'completely redone' (nypost.com)
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