The Internal Revenue Service (IRS) spending plan has been cut by 18 percent since 2010, in the wake of adjusting for inflation
Durham, NC (PRWEB) April 27, 2016
Since 2010, Internal Revenue Service (IRS) spending has been cut down by 18% by the federal government to adjust with inflationary trends. The cuts have led IRS to lessen its workforce, cut down on employee training, and postpone vital IT upgrades. These have led to the weakening of IRS’s enforcement capability in administering the country’s laws and serve the taxpayers effectively.
Eli Financial, the country’s leading source of information and training for banking, finance and taxation professionals, will host a webinar titled “2016 IRS Representation Update” on Tuesday, May 3, 2016, where expert speaker Robert E. Mckenzie, a partner of a renowned law firm in Chicago, will talk about the methods IRS is using in the recent enforcement environment. The session will deal with topics such as IRS examination priorities and procedures, taxpayer advocate service reports on problems, effect of fresh IRS leadership etc.
IRS has been playing a crucial role in our governmental structure by offering taxpayers some assistance when it comes to compliance with tax codes and guaranteeing that the tax laws in the country are upheld with honesty and credibility. IRS also contributes to the nation by collecting a greater part of the income which aids in financing elected projects from healthcare, education, national defense, infrastructure and other nation building activities. Resources must be given by policymakers to IRS so that it can carry on those tasks effectively.
These financial cuts have impacted genuine taxpayers when they filed their taxes this year—with more than half of the calls made to the IRS office going unanswered. Every citizen calling IRS would have to hold for more than 20 minutes, and the office would only answer questions that addressed ‘basic’ tax questions. Besides, numerous IRS tax field offices have been shut down, which has increased the problems of taxpayers, who aren’t ‘online’, to document their profits. Various other problems have simultaneously cropped up.
To understand the complete scenario on methods used by IRS in recent enforcement environment, expert speaker Robert E. Mckenzie will go through various IRS hot topics, including: fresh IRS examination priorities and procedures, taxpayer advocate services report on problems, new procedures at IRS campus, IRS criminal investigation initiatives and much more in this 2-hour long NASBA and IRS CPE webinar. For more information, visit: http://www.elifinancial.com/taxation/irs-update-2016
About Eli Financial:
A subsidiary of AudioSolutionz, Eli Financial is country’s leading source of business enhancing information for banking, finance, taxation, insurance and mortgage professionals. With an aim to provide hi-quality, informative live and on-demand webinars, DVDs to business professionals, Eli Financial has been working tirelessly to gain the trust of thousands of professionals across the country. Eli financial provides the most cutting-edge, trending information in both business and technical issues, and has an array of nationally recognized speakers in its panel. Professionals can get answers to their most challenging questions directly from experts. Eli Financial delivers on trust, ease of use, and quality and reliability of the information and training provided on its platforms.