Question

because people think the CFO knows virtually everything regarding taxes, how would you use the IRS website to help you prove that a certain tax strategy is either correct or incorrect?

Answer 1

IRS Websie helps to provide information that belongs to Updated results and information based on Latest News and occurings.

The Internal Revenue Service (IRS) is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The IRS is responsible for collecting taxes and administering the Internal Revenue Code, the main body of federal statutory tax law of the United States. The duties of the IRS include providing tax assistance to taxpayers and pursuing and resolving instances of erroneous or fraudulent tax filings. The IRS has also overseen various benefits programs, and enforces portions of the Affordable Care Act.^[4]

• Contact the IRS
  Web page that tells how to call, write or e-mail the IRS with questions or feedback
• Online Internal Revenue Bulletins
  The online Internal Revenue Bulletin (IRB) is the authoritative instrument of the IRS for announcing all substantive ruling necessary to promote a uniform application of tax law
• Internal Revenue Manual
  The Internal Revenue Manual (IRM) is the primary source of IRS’ policies, procedures and guidance to ensure fair and consistent application of the nation’s tax laws, as well as fair and consistent treatment of taxpayers.
• IRS YouTube channel
  Provides short, informative videos on various tax related topics in English, American Sign Language (ASL) and a variety of foreign languages
• IRS (IRSnews) on Twitter
  The IRS uses Twitter to tweet about various tax-related announcements, news for tax professionals and hiring initiatives
• IRS Return Preparer Office on Facebook
  The IRS uses Facebook to communicate about the latest news for federal tax return preparers.
• Webinars for tax-exempt organizations, small businesses and tax professionals provide educational opportunities on a wide range of topics. Many are interactive events that invite participants to submit questions
• Freedom of Information Act (FOIA)
  FOIA provides public access to agency records unless protected from disclosure by one of the FOIA’s nine exemptions or three exclusions
• Tax Statistics
  Wide range of tables, articles and data that describe and measure elements of the U.S. tax system
• IRS Video Portal hosts video and audio presentations for small businesses, individuals and tax professionals, including:
  • “Your Guide to an IRS Audit” video training series about IRS audits
  • Virtual Small Business Tax Workshop video training series for all business owners
  • Archived webinars
• Taxpayer Advocacy Panel (TAP) is a component of Taxpayer Advocate
  The TAP regularly solicits citizen input for issues to be worked with the IRS
• Taxpayer Advocate Service (TAS) is an independent organization within the IRS which help taxpayers resolve problems with the IRS and recommend changes that will prevent the problems.
• Systemic Advocacy Management System(SAMS)
  The SAMS allows taxpayers to identify systemic issues they are experiencing with the IRS
• Public comment e-mailboxes
  Seeks input on various issues
• IRS Subscription Newsletters
  Receive timely information posted on IRS.gov via e-mail
• Employee Plans Videos
  Learn how-to choose a retirement plan, correct mistakes or handle an audit
• Tax Tools for Tribes
  An informational CD-ROM Reference and Education Tool
• Consultation listening meetings
  Tribes may request periodic opportunity to raise concerns and offer suggestions

The IRS open government initiative is a part of the overall Treasury initiative for open government.