U.S. Tax Administration – A Roundtable Discussion with IRS Leadership

Moderator:

Brian Kaufman,  Capital One Financial Corporation

Speakers:

• Sunita Lough, Deputy Commissioner, Services and Enforcement, Internal Revenue Service
• Nikole Flax, Deputy Commissioner, LB&I, Internal Revenue Service
• Robin Greenhouse, Division Counsel, LB&I, Internal Revenue Service

Session Description:

As the Internal Revenue Service works to recover from pandemic-related disruptions, its newly released plan to implement the Taxpayer First Act (“TFA”) seeks to reimagine the taxpayer experience, providing interactions that are efficient, informative, personalized and convenient; enhance employee training to ensure IRS employees are well-trained, adaptable, highly motivated, and customer-focused; and modernize the IRS organization to better align operations with its mission, increase agency-wide collaboration, and deconstruct operational silos. This all sounds great, but what does it really mean for large business taxpayers? This session brings together three IRS senior executives to engage in a wide-ranging discussion aimed at reviewing the agency’s priorities and key challenges; discussing how implementation of the TFA will impact large business taxpayers; and updating participants on a variety of administrative and compliance issues important to large business taxpayers.

Learning Objectives:

After this session, participants will be able to: (1) Gain insights into the key challenges and priorities of the IRS; (2) Understand how the TFA will impact large business taxpayers; (3) Gain insights into key administrative and compliance issues important to large business taxpayers.