Entrepreneurs for Tax Reform

07/23/2013

Income tax complexity leads to this...

Big companies have cut confidential deals with the IRS to help lower their tax bills, and critics want the agency to disclose the details.

07/14/2013

Sad isn't it?

  Well, is the U.S. tax system competitive? Many global companies say it isn't. In his recent Senate testimony, Apple CEO Tim Cook distanced Apple from tax gimmicks, but the Senate Permanent Investigation Subcommittee report on Apple paints a grim picture. Many companies are even more aggressiv...

07/08/2013

The IRS Tapes: Who'll Buy My Memories? (Photo credit: Wikipedia) For the beleaguered IRS, the hits just keep on coming. After the targeting scandal, a key IRS official claimed the Fifth Amendment. House Committee Votes IRS Official Must Testify Despite Fifth Amendtment. Then there were all the…

06/20/2013

WASHINGTON (AP) — Already reeling from a pair of scandals, the Internal Revenue Service is drawing new criticism over plans to hand out millions of dollars in employee bonuses.

06/18/2013

With over 23 years experience in the payments industry, I would strongly suggest that The FairTax become experts on Payments given the move from taxing income to taxing spending.

The Internal Revenue Service (IRS) could do more to inform taxpayers dabbling in virtual currencies that their activities could be taxable, according to a new government report. The Government Accountability Office (GAO) said Monday that while the world of virtual currencies like bitcoins was rapidl...

05/17/2013

HOUSTON, May 16, 2013 (GLOBE NEWSWIRE) -- Americans For Fair Taxation® (AFFT), outraged by the Internal Revenue Service's (IRS) continued political abuse and intimidation of citizens and organizations, is calling on Congress to immediately enact HR 25 / S 122, the FairTax® Act of 2013 and phase out…

05/14/2013

The Marketplace Fairness Act - a bill that forces online businesses to collect sales tax from all 50 states - is fairly controversial. Some fear …

04/17/2013

The hard part is figuring out how to pay for the tax breaks—and how to keep small business from getting lost in a larger tax bill

04/15/2013

Under the influence of so many competing special interest lobbyists, the political class benefits from a corrupt wasteful tax system. Do you blame the politicians? Or do you blame the organizations of people vying to game the system?

04/12/2013

With the April 15 deadline right around the corner, now is as good a time as ever to make sure you’re protecting yourself against a growing trend: tax refund fraud.

04/12/2013

http://www.journalofaccountancy.com/News/20137754.htm?WBCMODE=PresentationUnpublished&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JournalOfAccountancy+%28Journal+of+Accountancy%29&utm_content=My+Yahoo

President Barack Obama's proposed FY 2014 budget contains a long list of proposed tax changes, aimed at achieving $580 billion in new revenue.

04/05/2013

http://blogs.marketwatch.com/taxwatch/2013/04/03/youll-work-5-extra-days-for-uncle-sam-this-year/?mod=WSJBlog

Why Americans will need to work more before they’ve earned enough to pay their taxes.

03/18/2013

http://www.forbes.com/sites/irswatch/2013/03/18/complexity-confusion-and-compliance/

The pervasive complexity level of our tax system creates a barrier for taxpayers, wealthy or not, in their annual self-assessment attempt to arrive at a substantially correct determination of their tax.

03/04/2013

http://money.cnn.com/2013/02/25/smallbusiness/ma*****na-tax/index.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_latest+%28Latest+News%29&utm_content=My+Yahoo

Thanks to a 1980s-era law aimed at drug smugglers, businesses legally selling ma*****na face effective federal tax rates of up to 75%.

03/04/2013

http://www.forbes.com/sites/robertwood/2013/02/25/the-minimum-tax-is-like-jumbo-shrimp/

brain-cheese.blogspot.com The alternative minimum tax—otherwise known as AMT—is one of many twisted features of our complex tax code. It may be the most insidious and counter-intuitive tax there is. AMT attempts to ensure that taxpayers who claim certain exclusions, deductions and credits pay a mi...

03/04/2013

http://smallbusiness.yahoo.com/advisor/tax-refunds-one-biggest-paydays-average-u-family-201730994.html

Paying taxes is no where the top of your fun list, unless you’re an accountant. When it comes to getting your tax return, that’s a whole other story. An estimated $230 billion in federal tax returns will be issued this year to the nation’s taxpayers, which will fuel the economy for a bit, with peopl...

03/04/2013

http://www.cgma.org/magazine/news/pages/20137163.aspx

In the past eight years, paying taxes has become easier and the tax burden lighter for many small and mid-size companies around the world, according to research by the World Bank and PwC. Find out which countries have the lowest tax rates and the least compliance hassles.

02/25/2013

Our nation is in economic collapse, and the income tax system is a major driver. It’s time for tough questions; tough questions to members of Congress. Questions like, “how can you Representative/Senator continue advocating for:

- An income tax code that according to the IRS’ own watchdog, Nina Olson: “Torments taxpayers.”

- An income tax code that is so complex (4 million words and 5,000 changes in 11 years) that it “leads to perverse results.”

- An income tax system so overwhelmed with its’ own complexity, it can no longer keep up with the disaster it has created – now delaying desperately needed refunds for untold numbers of taxpayers.

- The final question: Why aren’t you, as my Representative, supporting and working for passage of the FairTax Plan - the only tax replacement plan providing a fair, simple and transparent tax code that can fully fund the federal government while protecting Social Security and Medicare?