President Barack Obama’s nominee to run the Internal Revenue Service said it’s not a high priority to create tax returns that already include information that taxpayers would check, complete and send to the agency.
U.S. companies that temporarily station workers in Canada are finding it hard to avoid that nation’s withholding tax, and delays in obtaining waivers from it may be hurting the Canadian economy, tax preparers say.
The U.S. Internal Revenue Service needs to make changes to prevent fraud and improve security in systems it is building to deliver health insurance subsidies, according to an audit by the tax agency’s inspector general.
Support is growing for revisions to the New York state tax code including rate cuts, with Democratic Governor Andrew M. Cuomo and Republican legislative leaders proposing changes to every major levy in the state.
Here’s some holiday cheer: 120 million American families no longer have to file income tax returns; the top individual rate is lowered by 20 percent; the top corporate rate is cut by more than half; the government gets the same amount of revenue; and the tax system is slightly more progressive.
The U.S. government sought to intervene in a lawsuit accusing units of H&R Block Inc., the biggest U.S. tax preparer, of operating a website inaccessible to people who are blind, deaf or have other disabilities.
Senate Finance Committee Chairman Max Baucus proposed enacting tougher penalties against identity theft committed through the tax system, expanding electronic tax filing and giving the U.S. Internal Revenue Service clear authority to regulate tax preparers.