Reducing burdens in the tax filing process is a key goal for policymakers. As the filing season is upon us, this panel explored key ways that the IRS and Congress have attempted to make the process simpler for taxpayers, including the introduction of a postcard Form 1040, an increase in the standard deduction and the creation of an Annual Filing Season Program designed to give taxpayers greater information about the qualifications of unlicensed tax return preparers.
Other changes, like the section 199A deduction for qualified business income and the growing importance of service providers in the platform economy, have the potential for creating additional complexities and compliance costs. At the same time, the government has been active in addressing bad actors among commercial tax return preparers through a sustained effort to obtain injunctions. This panel offered a critical perspective on burdens in the filing process, offering views from the commercial tax return preparation industry, a consumer perspective and the government. This is the first of a two-part panel cosponsored with the Pro Bono & Tax Clinic Committee exploring burdens in the filing and compliance process.
Panelists: Kathy Pickering, Executive Director of The Tax Institute at H&R Block, Kansas City, MO; Vijay Raghavan, Consumer Fraud Bureau, Office of the Illinois Attorney General, Chicago, IL
Co-Sponsored by: Pro Bono & Tax Clinics