if visions of the new administration come to fruition, the irs could also be on the chopping block.
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accounting arc
with liz mason, byron patrick, and donny shimamoto
center for accounting transformation
in this episode of accounting arc, donny shimamoto, cpa.citp, cgma; liz mason, cpa; and byron patrick, cpa.citp and cgma, explore the provocative question, “what if the irs was shut down?”
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while the idea of eliminating the irs and simplifying the tax system may be appealing, any transition to a new system would require careful consideration of potential unintended consequences. and there are plenty.
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