Final answer:
The IRS Oversight Board is not made up of only IRS officials but includes both IRS officials and private sector individuals with expertise in tax and financial matters.
Step-by-step explanation:
No, the IRS Oversight Board is not made up of only IRS officials. The IRS Oversight Board is an independent organization that was created to oversee the activities of the IRS and provide guidance and support. It is composed of both IRS officials and private sector individuals with expertise in tax and financial matters.
For example, the Board consists of nine members, five of whom are appointed by the President and confirmed by the Senate. These members are individuals with expertise in areas such as tax law, accounting, and business management. The other four members are IRS officials, including the IRS Commissioner and the Deputy Commissioners. This composition ensures a balance of both IRS officials and external perspectives in the decision-making process.
Therefore, the IRS Oversight Board is not solely made up of IRS officials but includes individuals from various backgrounds to enhance its effectiveness and objectivity.