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Accountancy Slice
North America
The U.S. Senate has unanimously approved the Taxpayer Assistance and Service Act, a bipartisan package containing 65 provisions intended to modernize the IRS, strengthen taxpayer rights, and improve administration of the tax code. Measures supported by AICPA include expanding electronic access to taxpayer information, digitizing correspondence and returns, improving online account functionality, increasing callback technology, and providing greater visibility into IRS processing backlogs. The legislation also includes measures aimed at addressing abusive practices in the tax preparation industry. AICPA described Senate passage as a significant achievement for taxpayers and tax professionals, while lawmakers said the reforms would improve service and protect taxpayer rights. The bill now moves to the House, which is not expected to return from recess until November.
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