Taxes are just one part of the accounting world that has global importance, and not just in the United States. Tax accounting is just as important as all other aspects of accounting, such as auditing or consulting. Tax accounting is the one most associated with government, as every citizen, business, and even people who don't even live in the United States must file some sort of tax return if money is handled in the United States. These are just a few types of returns that the IRS inspects: Federal 1040, 1065, 1041, etc. These are just an important part of tax accounting as there are also returns that need to be filed with states and sometimes even cities. Taxes are what allow the government to spend on things like education, our community forces, including police and fire, and so many other things in our daily lives. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay In recent years, we have had the biggest change in tax policy since the Reagan era. In the last two years, since that big change, tax revenue growth has declined substantially. Although the 4.2% growth in 2019 was stronger than the 0.4% growth in the fourth quarter of 2018, it was still significantly weaker than the first three quarters of 2018. This was due to lower personal taxes, business, sales and ownership. According to Lucy Dadayan in her article in the State Tax and Economic Review, growth varied depending on the major sources of income. Personal income taxes fell in the second quarter, in response to spikes seen in December 2017 and January 2018 due to changes to the Tax Cuts and Jobs Act. The 4.2% growth was also due to continued tax growth state sales tax starting in 2010. According to Dadayan, we can expect further increases in state sales tax revenue in the future. In a Bloomberg Tax podcast, the IRS's chief legal counsel, Michael Desmond, talks about what businesses should expect from the IRS. The tax change has changed many things in the tax world and there are many things that are changing within the tax code and many businesses and individuals need to be vigilant when filing their returns. Taxes have been the backbone of America and are how the government pays for many of the services we use in our daily lives. However, the IRS has had a slow process of changing the tax code. Desmond said, "...we're just trying to keep the trains running." This is how the IRS moved forward with the tax code. The most important aspect of the tax code change is that all tax accountants have to learn new things with each individual's and company's returns. This can be problematic due to the need to keep all these new codes up to IRS standards. In my opinion, changing your tax code can be very important for everyone affected by it. Tax codes are constantly changing as there are different ways to get around them. The government receiving money can be important so that everyone can receive those important services that we all use. Considering that the value of money is constantly changing, as are tax rules. On the other hand, I also think that abusing the population with too high taxes can be problematic. This can turn people away from government policies, further trying to get around these new tax codes and paying less taxes to the government. The IRS gives tax refunds for taxes it doesn't use,.