tax compliance

The Post-TCJA’s Race To the Bottom

Corporations, owners of partnerships and other pass-through businesses, and millions of ordinary individual taxpayers are scrambling to understand how the Tax Cuts and Jobs Act...

April 5, 2018Howard Gleckman

Individual Taxes: TaxVox

The IRS Audit Rate is Plummeting. Does It Matter?

The IRS has reported that its overall audit rate is continuing to fall , especially for businesses and high-income individual taxpayers. The Service audits less...

April 2, 2018Howard Gleckman

: TaxVox

Tax Season: It Ain’t Over Till It’s Over

The IRS and the ACA: Working hard and working well. The IRS, thanks to years of preparation since the Affordable Care Act became law in 2010, has managed the current tax filing season smoothly, according to IRS Commissioner John Koskinen , even with new ACA burdens and IRS budget cutbacks . “It's

April 13, 2015Renu Zaretsky

: TaxVox

Charting a Course for Tax Reform: Might Feel Familiar, Won’t Be Easy

On the Hill: Taxpayer protection sought, tax reform input needed. The Senate Finance Committee holds a hearing today on protecting taxpayers from scams during the current tax filing season. Yesterday, panel Chairman Orrin Hatch and Ranking Member Ron Wyden announced their effort to solicit ideas on

March 12, 2015Renu Zaretsky

: TaxVox

Taxed Reactions and Revenue Rules

House GOP on the President’s tax proposals: “Meh.” House Ways and Means Chair Paul Ryan told Treasury Secretary Jack Lew yesterday that “You have gradually, grudgingly taken a few steps in my opinion in the right direction… It’s progress… Not a lot. But we’ll take it.” Ryan and his colleagues

February 4, 2015Renu Zaretsky

: Daily Deduction

Another FATCA Break, Sales Tax Increases Support Health and Safety, and Slow-Walking the EXPIRE Act

IRS Boss Koskinen hints at more relief for US citizens with cash stashed overseas: Speaking to the OECD’s International Tax Conference in Washington, Koskinen said the service may give a bit more of a break to some who remain out of compliance with FATCA: “Our goal is to ensure we have struck the

June 5, 2014Renu Zaretsky

Individual Taxes: TaxVox

Chairman Camp Agrees: Too Many Choices Burden our Tax System

Last week’s draft plan by House Ways & Means Committee Chair Dave Camp (R-MI) to reform the taxation of financial products includes two key changes...

January 28, 2013Steven M. Rosenthal

Individual Taxes: TaxVox

Can Behavioral Science Improve Tax Compliance?

In Sunday's New York Times, Richard Thaler laments that “as a general rule, the United States government is run by lawyers who occasionally take advice...

July 9, 2012Donald Marron

Individual Taxes: TaxVox

Five Challenges for the IRS’s New Capital Gains Reporting Rules

Sellers of stocks and other assets have always had to calculate their cost basis (generally, what they paid for the investment) in order to figure...

May 1, 2012Steven M. Rosenthal

Individual Taxes: TaxVox

The Turbo Tax Paradox

Like many of you, I just finished my 2011 tax return. Counting worksheets, it was 59 pages long. It occurs to me that our current...

April 17, 2012Howard Gleckman