Private Sector Prioritizes Tax Rule Comments to Shrinking IRS (Correct)

Fewer employees at the IRS will likely mean taxpayers have fewer lines of communication as the deadlines for comments on several big proposed regulations approach, tax practitioners say.

The private sector has long shared a working relationship with IRS rule writers, providing insights to help the agency craft more intentional and practical regulations around laws. Treasury and the IRS often rely on the private sector to learn how businesses perceive regulations.

The IRS recently laid off thousands of workers and is planning on another round that could cut as much as 50% of the workforce.

Without adequate manpower to ...