Is tax reform on the table? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Is tax reform on the table?

by on
in Small Business Tax

In a speech made to Congress in January, National Taxpayer Advocate Nina E. Olson—head of the office within the IRS that is charged with assisting taxpayers—cited the need for comprehensive tax reform as the main problem facing taxpayers today. She also focused on inadequate funding of the IRS and taxpayer identity theft issues. “The existing tax code makes compliance difficult, requiring taxpayers to devote excessive time to preparing and filing their returns,” Olson said.

According to the report, Congress has made nearly 5,000 changes to the tax code since 2001. To reduce taxpayer burden and restore public confidence, Olson urged Congress to overhaul the tax code.

Access information and other materials relating to this report here.

Related Articles...

    No matches

Leave a Comment