6 Page Internal Revenue Services (IRS) Paper

According to the textbook, when the
government wants to purchase a certain product or service, it can use a variety
of contracting methods as well as payment terms. Imagine that you are a
contracts officer for the Internal Revenue Services (IRS), and your supervisor
has tasked you with the purchase of software for processing tax returns. 

Note: You may create and/or make all necessary assumptions needed
for the completion of this assignment.

Review the information from the
following Websites:

• 
Federal Acquisition Review (FAR) “52.232-1 Payments” 

• 
Federal Acquisition Review (FAR) “Subpart 32.9—Prompt Payment” 

• 
Prompt Payment Act

• 
Federal Acquisition Review (FAR) “Subpart 532.9—Prompt Payment” 

• 
Truth in Negotiations Act (TINA)

• 
Buy American Act

Write a six to eight (6-8) page paper
in which you:

1 
Compare and contrast three (3)
payments options and discuss the pros and cons of each.

2 
Examine the three (3) elements of the
Prompt Payment Act, and provide one (1) example of each. Determine whether or
not Congress could make any revisions to each element in order to make prompt
payment more seamless. 

3 
Examine one (1) of the four (4) major
areas of limiting government cost. Elaborate on the primary manner in which the
government could minimize costs within the area you choose. As a contracts
officer for the IRS, propose one (1) strategy that you could use to pair the
limiting of government cost with the government’s audit rights.

4 
Suggest two (2) revisions to the TINA
that would lessen the requirements for the government’s procurement of
technical data and computer software. Provide a rationale for your suggestion.

5 
Compare and contrast two (2) of the
exceptions to the Buy American Act, and conclude whether or not these
exceptions are necessary. Justify your position.

6 
Use at least five (5) quality
academic resources in this assignment. Note: Wikipedia does not qualify as an
academic resource. 

Your assignment must follow these
formatting requirements:

• 
Be typed, double spaced, using Times
New Roman font (size 12), with one-inch margins on all sides; citations and
references must follow APA or school-specific format. Check with your professor
for any additional instructions.

• 
Include a cover page containing the
title of the assignment, the student’s name, the professor’s name, the course
title, and the date. The cover page and the reference page are not included in
the required assignment page length.

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