With over 40-years of tax law changes built into hundreds of legacy applications, the Internal Revenue Service has been embarking on an IT modernization journey for many years. With the introduction of digitization, the IRS began making significant strides these past few years in terms of modernizing some of their 800+ systems, bringing immense benefits to taxpayers and the tax authority alike.
But with significant changes come growing pains. New systems often have bugs and associated quirks that keep it from functioning the way it was intended in the early stages of implementation.
As a result, business users of IRS systems can struggle to access systems to file required information because of new authentication and administration processes. Elimination of paper return processing requires businesses to undertake projects to format data in specific electronic layouts for filing in multiple IRS systems. Adding to the hardships are tangential issues including new tax laws changing the tax reporting requirements and the continuing residual impacts of the COVID-19 pandemic.
Download this white paper to learn how to adopt transformation strategies to ensure your organization can scale tax withholding and information reporting processes to meet the new compliance requirements.
Download PDF Attachment