Can the Internal Revenue Service Administer a Complicated Tax System on Its Budget?

Описание: The Internal Revenue Service (IRS) faces extraordinary challenges in administering a complicated tax code—challenges made more daunting by a decade of large cuts in funding.

As part of the fifth annual Donald C. Lubick Symposium, Maurice Foley, chief judge of the United States Tax Court, will speak about these challenges, and those that taxpayers experience in trying to understand and comply with the Internal Revenue Code.

He will be followed by a panel of experts who will delve into the impact of the IRS’s budget cuts on its compliance programs for large businesses. The panel will address the following questions and more:

-As the audit rate of the largest US corporations has fallen from nearly 100 percent to roughly 50 percent over the past decade, what steps has the IRS taken to change the targeting and scope of its examinations of large businesses?
-What new strategies has the IRS adopted to improve businesses’ tax compliance?
-How have large businesses responded to changes in the IRS’s approaches to compliance?
-How have the IRS’s budget cuts impacted corporate tax collections?