Academic journal article Journal of Accountancy

IRS Overhaul: White House Supports Private-Sector Board

Academic journal article Journal of Accountancy

IRS Overhaul: White House Supports Private-Sector Board

Article excerpt

The Clinton administration said it would support legislation drafted by the House Committee on Ways and Means chairman, Bill Archer (R-Texas), to create an 11-member Internal Revenue Service oversight board. Treasury Secretary Robert E. Rubin said in a formal statement that the administration had "worked with members of Congress to resolve differences" and create legislation "we can support."

Under the Archer bill, the IRS Restructuring and Reform Act of 1997 (HR 2676), the oversight body (composed of 8 private-sector members, the secretary of the treasury, a representative from a union representing a substantial number of IRS employees and the IRS commissioner) would oversee IRS administration, management, conduct, direction and supervision of the execution and application of the Internal Revenue Code. The board would have no responsibilities or authority over federal tax policy, IRS law enforcement activities (such as criminal investigations, examinations and collections) and specific procurement activities (such as selecting vendors or awarding contracts). …

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