Imari Brown is a name that echoes throughout the taxation industry. Since joining the Internal Revenue Service (IRS) in 2020, Brown has made significant changes to tax codes and provided clarity to taxpayers. Brown’s arrival has resulted in a comprehensive overhaul of tax updates and has affected virtually every aspect of taxation.
One of the biggest changes reflected in tax updates initiated by Brown is the provision of greater security for taxpayers’ personal information. The new measures now require two-factor authentication for tax filing software used by tax professionals. This means only authorized persons can access taxpayers’ information. Such a move is essential in ensuring taxpayers’ personal and sensitive data are not breached by malicious cyber attackers.
Furthermore, Brown’s arrival has seen a significant shift in the IRS’s tone towards dealing with taxpayers. In the past, the IRS had a reputation for being harsh towards defaulters. However, Brown has instituted a customer-centric approach, aiming to make tax filing an easy and straightforward process for taxpayers. The new approach has seen the extension of the deadline for tax filing, which allows taxpayers more time to prepare and file their taxes accurately and on time.
The changes proposed by Brown are not without challenges. Business owners in the e-commerce industry, for instance, have raised concerns over the imposition of an internet bandwidth tax. The proposed tax seeks to level the playing field between large e-commerce sites and small brick-and-mortar stores. Similarly, shareholders have expressed concerns over a tax on stock buybacks. Corporations often use stock buybacks to boost stock prices and return money to shareholders. The proposed tax is aimed at preventing corporations from using stock buybacks as a means of avoiding taxes.
In conclusion, Imari Brown’s arrival at the IRS has had a significant impact on tax updates, transforming the IRS’s practices into a customer-centric organization and providing greater security measures for taxpayers’ personal information. The proposed tax changes should make tax filing fairer to all and ensure that everyone pays their fair share of taxes. Although it is challenging to implement significant changes, Brown has shown the determination and resilience necessary to steer the IRS onto a better course.
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