Wally Adeyemo, deputy secretary of the Department of the Treasury, met with officials from the Internal Revenue Service to discuss how the Inflation Reduction Act can be utilized to improve IRS customer service for small businesses.
The roundtable discussion is one of several meetings hosted by Adeyemo in order to gain insight on the legislation from different sectors, the department said Tuesday.
Enhancements in online, phone-based and in-person customer service could help small businesses file accurate tax returns and expedite processing of their documents, Adeyemo told nearly 20 stakeholders in the meeting. IRS upgrades will also enable small enterprises to access their credits and benefits on time, he added.
In general, IRS can take advantage of the IRA to reform its tax code, and prevent tax evasion by large corporations and wealthy Americans, Adeyemo stated.
Laurel Blatchford, the Treasury Department’s chief implementation officer for the Inflation Reduction Act, was also present during the event.
