Today’s Taxpayer News!
Today NTU wrote a letter in support of Representative Bob Goodlatte’s "Tax Code Termination" Act (H.R. 352), which would phase out the current complicated Internal Revenue Code and work towards a simpler system.
Last week, a federal judge ruled that the IRS cannot force tax preparers to take a competency exam in order to continue offering their services. The decision is a win for tax preparers who would have had to endure burdensome new regulations, and for taxpayers, many of whom seek out experienced professionals to help them with their taxes.
Check out this infographic from the Economic Policy Journal visually illustrating the payroll tax hike all working Americans are now subjected to.