Final answer:
The major duties of the IRS Oversight Board include providing oversight and guidance to the IRS, reviewing and approving strategic plans and budgets, and monitoring the IRS's compliance with laws and regulations.
Step-by-step explanation:
The major duties of the IRS Oversight Board are to provide oversight and guidance to the Internal Revenue Service (IRS) and to ensure that it carries out its duties effectively and efficiently. The board helps to ensure the integrity of the IRS's operations and activities.
One of the key responsibilities of the board is to review and approve the IRS's strategic plans, as well as its budget and performance measures. This helps to ensure that the IRS is operating in line with its goals and objectives.
The board also plays a role in providing oversight of the IRS's administration of the tax laws, including its enforcement efforts and taxpayer service activities. It monitors the IRS's compliance with laws and regulations, and helps to identify areas where improvements are needed.