Larry Gibbs Comments on Merging of Three IRS Advisory Panels in Bloomberg Daily Tax Report

"IRS Revamp of Advisory Panels Marks Biggest Change in Decades"

Bloomberg Daily Tax Report


Larry Gibbs commented on the decision by the Internal Revenue Service (IRS) to merge three advisory panels in 2019 – the Internal Revenue Service Advisory Council, the Information Reporting Program Advisory Committee, and the Advisory Committee on Tax Exempt and Government Entities. Gibbs, a former IRS Commissioner, said the combination will reduce administrative costs "without sacrificing the benefit of the advice provided to" the IRS.