IR-2012-92, Nov. 15, 2012 WASHINGTON — One of the Internal Revenue Service’s main advisory panels for tax administration today issued its 2012 annual report, covering a range of key issues affecting taxpayers. The Internal Revenue Service Advisory Council (IRSAC) issued its report at a public meeting. IRSAC’s primary purpose is to provide an organized public forum for senior IRS executives and representatives of the public to discuss relevant tax administration issues. “IRSAC members provide valuable feedback on products, programs and services of the IRS,” said Acting IRS Commissioner Steven T. Miller. "We welcome their perspectives as we address future challenges." Based on its findings, IRSAC made several recommendations in its 2012 report on a broad array of issues and concerns including, among other things, the following: Streamlining the Audit Process Managing Knowledge in the Issue Practice Groups and International Practice Networks Improving Lien Withdrawal Processing Enhancing the availability of electronic completion and filing for Form 1099-Miscellaneous Increasing BMF Electronic Filing Enhancing the reporting of dispositions of capital assets on various forms Tax Practitioner obligations and competency IRSAC draws its members from the tax professional community and members of academia. The Commissioner’s Advisory Group was established in 1953 and renamed IRSAC in 1998 to focus as an advisory body to the entire IRS. Follow the IRS on New Media Subscribe to IRS Newswire
