Academic journal article Journal of Accountancy

IRS Tax Forums Stress Simplicity

Academic journal article Journal of Accountancy

IRS Tax Forums Stress Simplicity

Article excerpt

In a continuing effort to make preparing business and individual tax returns easier and less costly, the Internal Revenue Service will present a tax forum and exhibition on September 19-20 in Salt Lake City.

One session will describe the IRS's plans to change the way it processes taxpayer returns. Over the next seven years, the IRS expects to receive more information electronically and will reduce the number of its return-processing centers from 10 to 5. These sites will receive, control and process paper returns and resolve errors that do not require taxpayer contact.

New conference sessions will describe the proposed Wage Simplification Project, cosponsored by the IRS, the Social Security Administration and the Department of Labor. The project would allow employers to file one set of employee information (for tax, unemployment and Social Security purposes) at a central location, which then would pass the data along, as needed, to other government agencies.

The IRS's new Corporate Tax Program will be discussed at another session, which will cover developments such as its joint planning process with large corporate taxpayers. …

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