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Accountancy Slice
North America
The National Taxpayers Union's Pete Sepp emphasizes the urgent need for the IRS to reform its Freedom of Information Act (FOIA) process to restore public trust. He notes that the agency's current FOIA system has deteriorated, with a staggering 93% denial rate on appeals since 2008, leading to significant delays and undermining taxpayer rights. A recent federal court case involving Arden Row Assets, Basswood Aggregates, and Delwood Resources highlights the consequences of this dysfunction, as the IRS struggles to access records related to penalties on tax deductions. Sepp argues that "FOIA is not just about documents - it's about power," stressing the importance of transparency in government operations. He advocates for modernization efforts and increased oversight to ensure the IRS complies with FOIA requirements and fosters a culture of transparency.
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