The U.S. Internal Revenue Service (IRS) is taking innovation in-house as it strives to change the way it contracts with large and small businesses. The agency has instituted a number of programs that include actively seeking alternatives to contracting processes from companies seeking to do business with the revenue service.
IRS
Faced with a decreasing workforce, budgetary challenges and the annual mammoth effort of collecting, processing and enforcing the nation’s taxation, U.S. Department of Treasury’s Internal Revenue Service (IRS) is also implementing the tax reform Congress mandated in December under the Tax Cuts and Jobs Act, the largest tax reform in 30 years. At the same time, the bureau must innovate to continuously improve the taxpayer experience and lessen the burden of filing taxes, said IRS leaders at the IRS Fiscal Year 2018 Industry Conversation event on July 10 in Washington, DC.
For an agency that awarded $2.5 billion in contract obligations in fiscal year 2017, the Internal Revenue Service (IRS) is a big player in federal procurement. And as the IRS begins to implement the major tax reform mandated by the Tax Cuts and Jobs Act passed by Congress in late December, not to mention handling federal information technology modernization efforts, the agency is tackling another challenge: procurement improvements.
The IRS understands that any improvement in procurement efficiencies will help the agency in terms of increased competition in bidding and driving down prices, while providing more innovative solutions for its internal customers who are carrying out the IRS’ mission, according to officials.