IRS Funding Accountability: Increased Transparency for Taxpayer Money
This act introduces new oversight rules for the Internal Revenue Service (IRS) and the Department of the Treasury's spending. It aims to ensure taxpayer money is spent efficiently and as planned, increasing transparency in these institutions' operations. Citizens will gain better insight into how funds are used for taxpayer services and other purposes.
Key points
The IRS must submit detailed spending plans and quarterly reports, showing how it uses allocated funds.
Congress has the power to disapprove IRS spending plans, potentially halting access to funds until a new plan is submitted.
Delays in submitting reports or plans can result in reductions of allocated funds for the IRS and the Department of the Treasury.
Reports will include information on phone wait times, processing backlogs, and the number and type of tax audits conducted, broken down by income group.
The act also requires reporting on new hires, their access to taxpayer data, and any violations of fair tax collection practices.
Expired
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