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Ways and Means Crafting IRS Reform Legislation – Tax & Accounting Blog

The House Ways and Means Committee is expected in the coming weeks to release its plan to reform the IRS. The Committee is currently crafting legislation to redesign the IRS and is offering a peak into its plan through blog posts.

“Now that we have a new tax code that puts taxpayers and local job creators first, we need a tax administrator that does the same,” the Committee wrote in a March 12 ongoing blog distributed on its website. Changes to the IRS are expected to be reflective of the new tax law enacted last December, the Tax Cuts and Jobs Act (TCJA) (P.L. 115-97).

According to the Committee, key reforms to the IRS would include improving quality customer service, fair treatment of taxpayers, and modernizing outdated technology and procedures.” Members of the Ways and Means Committee are committed to returning the IRS to its service first mission and will continue to work towards effective, long-term solutions,” the Committee wrote.

Budget Woes

Treasury Secretary Steven Mnuchin told House lawmakers in a hearing last week that the IRS needs additional funding to properly implement the new tax law (TAXDAY, 2018/03/07, C.1). The IRS is currently tasked with revising forms and procedures pursuant to the new law, as well as working toward updating antiquated technology, he said. Implementing the TCJA is a top priority, according to Mnuchin. “It is so important that we get the additional funding for it.”

By Jessica Jeane, Wolters Kluwer News Staff
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