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IRS Committee Releases Tax Admin Recommendations
by Mike Godfrey, Tax-News.com, Washington
04 November 2008

The Information Reporting Program Advisory Committee (IRPAC) has released the advisory group’s recommendations on a wide range of tax administration issues, the Internal Revenue Service has announced.

IRPAC was established in 1991 on a Congressional recommendation suggesting that the IRS consider the “creation of an advisory group of representatives from the payer community and practitioners interested in the Information Reporting Program to discuss improvements to the system.”

IRPAC members generally serve a three-year term and are picked to represent the financial, payroll, and software industries, the state tax administrations, colleges and universities and tax professionals.

Based on its findings and discussions, IRPAC made more than 60 recommendations on a broad array of issues and concerns Service-wide, key amongst them:

  • Masking the Taxpayer Information Number (TIN) on information reporting forms.
  • Improving instructions for disaster reporting of postponed annual tax year contributions to IRAs.
  • Improving the reporting return (Form 990) for tax-exempt organizations.
  • Providing guidance for taxpayers receiving Form 1099 or 1042-S0 and Schedules K-1 for the same partnership income.
  • Providing tax professionals hypothetical situations, which describe Circular 230 violations and their corresponding sanction ranges.

Through IRPAC, systemic problems related to information reporting are addressed in a public forum. IRPAC draws its members from the tax professional community and supported by a dedicated staff of IRS professionals.

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