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IRPAC Releases Annual Report

IRPAC Releases Annual Report

Suggests Improvements Cover a Variety of Topics

The Information Reporting Program Advisory Committee (IRPAC), which is comprised of “financial services and payroll firms, colleges and universities, and other types of businesses,” released recommendations for the IRS that include penalty relief those without access to the IRS TIN Matching Program who submit incorrect name-TIN information, improved use and archiving of FAQs, and measures to help businesses damaged by business identity theft.  

The IRS press release includes links to the full report and general information on IRPAC.

To read the full article, click here.

Source: Internal Revenue Service

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