The IRS unveiled its Strategic Operating Plan. The 150-page report to the Secretary of the Treasury outlines the agency’s historic plans to make fundamental changes following funding from last year’s Inflation Reduction Act. It outlines how we will deploy the investments in the IRA to better serve taxpayers, tax professionals, and the broader tax ecosystem. This webinar will:

Outline the backdrop for the IRS Operating Plan

a. Inflation Reduction Act of 2022-included pay-for
b. Secretary Yellen request for the plan...and the push from House Republicans
c. Initial stakeholder reactions

The Plan

a. High-level structure and how IRS tackled the assignment (five sections)
b. What the tax chattering classes are saying
c. Unpack 10 items people aren’t talking about yet are interesting for practitioners

1 IRS CE

Self-Study recording not available for NASBA CPE credit.