The IRS Advisory Council Disseminates its 2024 Annual Public Report
Peter J. Scalise
National Partner-in-Charge, Federal Tax Credits & Incentives Practice | Accounting Today's Top 100 Most Influential People | CPA Magazine's Editor-in-Chief | Nonprofit Chairman & Board Member Serving Charities Nationwide
On November 20th, the Internal Revenue Service Advisory Council (hereinafter “IRSAC”) disseminated its 2024 Annual Public Report, including recommendations to the IRS on new and continuing matters in tax administration. The 2024 Annual Public Report covers a highly diverse range of topics including, but not limited to:
As a background, the IRSAC serves as a federal advisory committee to the IRS commissioner and executive leadership. It provides an organized public forum for discussion of relevant issues in tax administration. It should be duly noted that IRSAC members offer observations and advice regarding current and / or proposed IRS policies, programs, and procedures. The IRSAC is administered under the Federal Advisory Committee Act by the IRS Communications & Liaison Division, Office of National Public Liaison. Members represent the taxpaying public, the tax professional community, small and large businesses, tax-exempt and government entities, the payroll administration industry and academia. The IRSAC is currently organized into five subgroups:
The IRSAC 2024 Annual Public Report can be reviewed in its entirety at https://www.irs.gov/pub/irs-pdf/p5316.pdf
CPA Magazine, November 2024 Issue https://cpataxmag.net/index.php/for-display-of-latest-news/2044-by-peter-j-scalise