IRS Reports Inflation Reduction Act Improvements After Two Years

TL/DR –

The U.S. Internal Revenue Service (IRS) has made significant improvements under the Taxpayer First Act over the past two years. The act, aimed at modernizing the IRS and improving its services, has led to successful implementations such as the “IRS Free File program”, the launch of a “Tax Pro Account”, and the rejuvenation of the “Practitioner Priority Service”. The IRS’s five-year strategic plan focuses on improving taxpayer service, compliance efforts, and its workforce, some of which have already begun to show results.

Highlights of Inflation Reduction Act’s improvements, two years in by IRS

The Internal Revenue Service (IRS) provides an update on the Inflation Reduction Act (IRA) achievements two years post-implementation. The report illustrates the positive impact of the IRA on accounting practices, delivering transformative changes.

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