The House Ways and Means Committee in the coming weeks will release its plan to reform the IRS. Currently, the Committee is crafting legislation to redesign the IRS. It is offering a peak into its plans through blog posts.
IRS Reform Legislation
“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 on a March 12. Therefore, IRS changes should reflect the new tax law enacted last December, the Tax Cuts and Jobs Act (TCJA).
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key reforms to the IRS would include improving quality customer service, fair treatment of taxpayers, and modernizing outdated technology and procedures. The Ways and Means Committee is “committed to returning the IRS to its service first mission and will continue to work towards effective, long-term solutions,” the Committee wrote.
In addition, in a hearing last week Treasury Secretary Steven Mnuchin told House lawmakers that the IRS needs additional funding to properly implement the new tax law. Currently, the IRS must revise forms and procedures to comply with the new law. Also, it is 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.”