IRS Modernization

With over 40-years of tax law changes built into hundreds of legacy applications, the Internal Revenue Service has been embarking on an IT modernization journey for many years. With the introduction of digitization, the IRS began making significant strides these past few years in terms of modernizing some of their 800+ systems, bringing immense benefits to taxpayers and the tax authority alike.  

But with significant changes come growing pains. New systems often have bugs and associated quirks that keep it from functioning the way it was intended in the early stages of implementation.  

As a result, business users of IRS systems can struggle to access systems to file required information because of new authentication and administration processes. Elimination of paper return processing requires businesses to undertake projects to format data in specific electronic layouts for filing in multiple IRS systems. Adding to the hardships are tangential issues including new tax laws changing the tax reporting requirements and the continuing residual impacts of the COVID-19 pandemic.  

As the IRS modernize its technology over the next five to 10 years (and Congress continues to adopt new tax reporting requirements), businesses need to adopt transformation strategies to ensure they can scale tax withholding and information reporting processes to meet the new compliance requirements. 

This white paper walks through the most impactful transformations that organizations are experiencing due to IRS Modernization efforts. Additionally, it offers insights from our experts on how businesses can effectively strategize for future changes and maintain compliance.   

  • The Taxpayer First Act & Business System Modernization 
  • Top priorities for IRS modernization 
  • New IRS Systems – The change from FIRE to IRIS and the impacts for filing 
  • IRS’ Focus on electronic filing & What’s Next? 
    Helpful strategies for future changes 

Get the eBook

Learn more about IRS Modernization

Download now