Sally P. Schreiber reports in the AICPA Tax Advisor that the IRS is changing its third party contact procedures in response to the Taxpayer First Act, in her article, Schreiber, IRS changes its third-party contact procedures in response to Taxpayer First Act (Aug. 6, 2019). Her article begins as follows:
The IRS is changing its procedures for contacting third parties and notifying taxpayers, starting Aug. 15. The changes come in response to amendments to Sec. 7602(c)(1) made by the Taxpayer First Act, P.L. 116-25, which are effective Aug. 15. The IRS on July 26 issued a memorandum (SBSE-04-0719-0034) for the commissioners of its Large Business & International, Small Business and Self-Employed, Tax Exempt and Government Entities, and Wage and Investment divisions alerting them of the changes in procedures, which will replace the existing Internal Revenue Manual (IRM) procedures until they can be updated. The IRS says it will make those updates within one year of the memorandum.
See also IRS Memorandum detailing new procedures at SBSE-04-0719-0034.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..