IRS Overview
Due to Congressional concerns over the growing gap between taxes that should have been collected and taxes that were actually collected, the IRS is moving to reallocate its budget resources. Ultimately, this will be evidenced by a significant increase in IRS personnel and potentially third party collection agencies dedicated to support tax compliance and collection efforts. Recent IRS collection initiatives are yielding increases in both levies and tax revenues collected.
On the other side of the coin, new taxpayer protections continue to be adopted as part of the 1998 IRS Restructuring and Reform Act. These protections are helping to create a more level playing field for taxpayer. They include the creation of a more robust and independent Taxpayer Advocate, an operating division within the IRS with broader powers to more effectively resolve taxpayer disputes.
While the Secretary of the Treasury is responsible for oversight and administration of the Internal Revenue Code, much of that authority has been delegated by the Secretary of the Treasury to the Commissioner of the IRS. The Commissioner, appointed by the President and confirmed by the Senate for a five-year term, manages the administration of the tax laws. There is also significant Congressional oversight spearheaded by the Chairman of the Finance Committee of the U.S. Senate.
The Mission Statement of the IRS has been amplified to refocus the organizations efforts on service to the taxpayer.
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Tags: internal revenue service, IRS mission statement, IRS restructuring and reform act, Taxpayer Advocate
