WASHINGTON — The Electronic Tax Administration Advisory Committee (ETAAC) presented its 2014 Annual Report to Congress during a public meeting today. The report discusses five groups of recommendations on issues in electronic tax administration.
Highlights of the report include 11 recommendations on the following key outcomes:
- Remove barriers for e-filing employment tax series Form 94x
- Increase efficiency and accuracy of the foreign financial institution registration portal
- Provide one IRS-issued Personal Identification Number (PIN) as the authentication component of an electronic signature
- Create an online IRS account for individual and business taxpayers and tax professionals
- Increase accuracy and reduce burden in reporting the advance payments of the premium tax credit under the Patient Protection and Affordable Care Act (ACA)
“The IRS appreciates that the committee worked a compressed schedule to deliver a timely report. We welcome your industry expertise and thoughtful recommendations for consolidating PINs, creating online accounts and improving e-filing of the 94x. We will take these recommendations under advisement,” said Robert J. Bedoya, Director of e-File Services.
The 11-member committee provides an organized public forum for discussion of electronic tax administration issues and the overriding goal that paperless filing should be the preferred and most-convenient method of filing tax and information returns.
“ETAAC commends the IRS on another successful filing season and recognizes the IRS’s continued efforts to achieve an 80 percent electronic tax return filing beyond individual returns. As the IRS manages the various electronic administrative initiatives, ETAAC recommends the IRS continue its effort on the successful implementation of the Affordable Care Act and the Foreign Account Tax Compliance Act,” said Cyrus Daftary, ETAAC Chair.
ETAAC submits an annual progress report to Congress each June. The IRS created the ETAAC in 1998 as required by the IRS Restructuring and Reform Act of 1998.
The report is the result of research and analysis as well as meetings with senior IRS executives.
Public comments on the report may be sent to firstname.lastname@example.org.