This course provides a concise overview of the work and impact of the Taxpayer Advocacy Panel (TAP) on the US tax system and accounting profession. TAP is a group of volunteer taxpayers who work in partnership with the Internal Revenue Service (IRS) to identify and address taxpayer issues, recommend changes to the tax system, and improve the overall efficiency and effectiveness of the IRS. Through its efforts to gather feedback from taxpayers and work closely with IRS employees, TAP plays a vital role in ensuring that ethical standards are upheld in the accounting profession.
Topics Covered:
- The role of TAP 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 TAP on the tax system and accounting profession
- TAP's efforts to improve efficiency and effectiveness
- The importance of trust and confidence in the tax system
- TAP's role in shaping and enforcing ethical rules in the accounting profession
Who Will Benefit:
This course is designed for individuals interested in learning about the work of the Tax Advocacy Panel (TAP) and its impact on the US tax system and accounting profession. It will be particularly useful for tax professionals, accountants, and those working in the finance industry who are interested in and understanding the role of TAP in shaping and enforcing ethical standards in the accounting profession.
Learning Objectives
- Explore and understand the role and responsibilities of TAP in the US tax system.
- Identify the ways in which TAP gathers feedback from taxpayers and makes recommendations to the IRS.
- Discover and describe the impact of TAP'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 TAP's efforts to improve the efficiency and effectiveness of the IRS.
- Identify and analyze the role of TAP in addressing taxpayer issues and implementing solutions.
- Explore and understand the importance of TAP's work in creating a more efficient and effective tax system.
- Discover and describe TAP's role in shaping and enforcing ethical rules in the accounting profession.
Prerequisites
Prior knowledge of the US tax system and accounting principles is recommended, but not required.