IRS Administrative Affairs

On February 26-27, 2015, a delegation from Tax Executives Institute met with the Commissioner of Internal Revenue, John Koskinen, and senior officials of the Internal Revenue Service and with the Treasury Department’s Assistant Secretary for Tax Policy, Mark Mazur, and senior officials of Treasury’s Office of Tax Policy. Summaries of the meetings are provided below.

On June 4-5, 2014, a delegation from Tax Executives Institute met with the Commissioner of Internal Revenue, John Koskinen, and senior officials of the Internal Revenue Service and with the Treasury Department’s Assistant Secretary for Tax Policy, Mark Mazur, and senior officials of Treasury’s Office of Tax Policy. The agendas and minutes from the meetings are provided below.

On May 5, 2014, TEI submitted comments to the Internal Revenue Service regarding temporary and proposed regulations implementing Chapter 4 of the Code, better known as the Foreign Account Tax Compliance Act (FATCA), and coordinating withholding under FATCA with withholding under Chapters 3 and 61 and section 3406.

As you may have recently read in the tax press or heard about at TEI’s Annual Conference, LB&I has redesigned its examination process to increase the efficiency, effectiveness, and transparency of its audits. A central aspect of a tax audit is information gathering, generally through the use of Information Document Requests or IDRs. LB&I executives believe the current IDR management process lacks the rigor necessary to hold taxpayers and examiners accountable for timely and efficient fact gathering.