On A New Mission


In one of the first steps of the overhaul mandated in the Internal Revenue Service Restructuring and Reform Act of 1998, the IRS unveiled a new 27-word mission statement.

Its mission is to "provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all."

According to IRS Commissioner Charles O. Rossotti, the mission statement reflects the new attitude of the IRS. "Our top priority is putting the interests of the taxpayers first," he said.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.