This course provides a concise overview of the IRS Advisory Council (IRSAC), an advisory body that serves as a bridge between the Internal Revenue Service (IRS) and the general public. They gather feedback from taxpayers and work with the IRS to address issues and implement solutions. The course will explore the role of the IRSAC in improving communication and understanding between the IRS and the public, making recommendations to the IRS, and shaping and enforcing ethical standards in the accounting profession.

Topics Covered:

  • The role of the IRSAC in the US tax system
  • Gathering feedback from taxpayers
  • Making recommendations to the IRS
  • Working with IRS employees to implement and maintain solutions
  • The impact of the IRSAC on the tax system and accounting profession
  • The IRSAC's efforts to improve efficiency and effectiveness
  • The importance of trust and confidence in the tax system
  • The IRSAC's role in shaping and enforcing ethical standards in the accounting profession

Who Will Benefit:
This course is designed for individuals interested in learning about the work of the IRS Advisory Council (IRSAC) and its impact on the US tax system, regulatory ethics, and the accounting profession. It will be particularly useful for tax professionals, accountants, and those working in the finance industry who are interested in understanding the role of the IRSAC in shaping and enforcing ethical standards in the profession.

Learning Objectives
  • Identify and understand the role and responsibilities of the IRSAC in the US tax system.
  • Identify the ways in which the IRSAC gathers feedback from taxpayers and makes recommendations to the IRS.
  • Discover and describe the impact of the IRSAC's work on the tax system and accounting profession.
  • Identify and analyze the importance of trust and confidence in the tax system.
  • Explore and evaluate the effectiveness of the IRSAC's efforts to improve the efficiency and effectiveness of the IRS.
  • Identify and analyze the role of the IRSAC in addressing taxpayer issues and implementing solutions.
  • Understand the importance of the IRSAC's work in creating a more efficient and effective tax system.
  • Describe the IRSAC's role in shaping and enforcing ethical standards in the accounting profession.
Last updated/reviewed: November 28, 2023
Prerequisites
Course Complexity: Foundational
Prior knowledge of the US tax system and accounting principles is recommended, but not required.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Course Agenda3:47
  What is IRS Advisory Council6:04
  Website Walkthrough and Annual Report13:32
  Taxpayer Digital Communication Initiative4:36
  IRSAC Success Stories23:40
  Comparison of IRS Advisory Council and Taxpayer Advocacy Panel7:18
  Committees27:26
  Mapping the Future10:40
  IRSAC Members and Membership Criteria2:36
  Key Takeaways4:34
CONTINUOUS PLAY
  The IRS Advisory Council (IRSAC): Impact on Tax Administration1:44:12
SUPPORTING MATERIAL
  Slides: The IRS Advisory Council (IRSAC): Impact on Tax AdministrationPDF
  The IRS Advisory Council (IRSAC): Impact on Tax Administration GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam