The Impact of the Complexity of the Tax Code on Small Business: What Can be Done about It? : Hearing Before the Subcommittee on Tax, Finance, and Exports of the Committee on Small Business, House of Representatives, One Hundred Sixth Congress, Second Session, Washington, DC, September 7, 2000, Volume 4 |
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1999 National Taxpayer abatement addition Adjusted Gross Income administrative AICPA allow Alternative Minimum Tax Amend section American amount apply assets benefits burden capital gains Certified Public Accountants Chairman MANZULLO Committee complicated compute CONGRESS THE LIBRARY corporations Current Law depreciation Earned Income Tax economic election eligible eliminate employees enacted estimated tax exemptions expenses FairTax federal tax filed flat tax FY 1999 National Income Tax Credit individual installment agreement interest Internal Revenue Code Internal Revenue Service IRS http://www.irs.gov/ind_info/rpt99-5.html issue itemized deductions Legislative Proposals LIBRA LIBRARY OF CONGRESS limit Martin Davidoff million National Taxpayer Advocate National Taxpayer Advocate...gress overpayment Oveson paid payments percent phase-out prior Proposed Change provisions Reason for Change refund regulations repeal safe harbor section 179 Section of Taxation small business owners Social Security statute tax code tax complexity tax compliance Tax Foundation tax law tax liability tax rate tax reform tax returns tax simplification tax system
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Page 67 - Returns (except in the case of nonresident aliens) shall be made on or before the fifteenth day of the third month following the close of the fiscal year, or, if the return is made on the basis of the calendar year, then the return shall be made on or before the 15th day of March.
Page 25 - INTRODUCTION OF ASSOCIATES Senator BIBLE. We will next proceed to the hearings on the Office of the Secretary. Mr. Dunn, I am very happy to recognize you. Will you introduce for the record those who have a responsibility to testify on this budget? Mr. DUNN. Thank you, Mr. Chairman. It is my pleasure to be here. I should like to introduce on my extreme left, Dr. Leslie Glasgow, Assistant Secretary for Fish and Wildlife, Parks, and Marine Resources; from the Fiscal Office, Mr. Carl Guidice; on my immediate...
Page 125 - Secondly, it may obstruct the industry of the people, and discourage them from applying to certain branches of business which might give maintenance and employment to great multitudes. While it obliges the people to pay, it may thus diminish, or perhaps destroy, some of the funds which might enable them more easily to do so.
Page 151 - There is no question that the defendant intentionally maintained his storehouse and managed his business in the way described. It may be assumed that' he intended not to break the law but only to get as near to the line as he could, which he had a right to do, but if the conduct described crossed the line, the fact that he desired to keep within it will not help him. It means only that he misconceived the law.
Page 178 - Abatements — (a) General rule. The Secretary or his delegate is authorized to abate the unpaid portion of the assessment of any tax or any liability in respect thereof, which — ( 1 ) Is excessive in amount, or (2) Is assessed after the expiration of the period of limitation properly applicable thereto, or (3) Is erroneously or illegally assessed.
Page 125 - Fourthly, by subjecting the people to the frequent visits and the odious examination of the tax-gatherers, it may expose them to much unnecessary trouble, vexation, and oppression...
Page 193 - For the purpose of the computation to the nearest dollar, the payment of a fractional part of a dollar shall be disregarded unless it amounts to one-half dollar or more, in which case it shall be increased to $1.
Page 175 - In any case where such amount is paid after the mailing of a notice of deficiency under section 6212, such payment shall not deprive the Tax Court of jurisdiction over such deficiency determined under section 6211 without regard to such assessment.
Page 51 - The second issue to be debated is fiscal federalism or the role of state and local governments Since state and local income taxes usually employ the same tax bases as the corresponding federal taxes, it is reasonable to assume that substitution of consumption for income taxes at the federal level would be followed by similar substitutions at the state and local level.
Page 189 - Claim for credit or refund of an overpayment of any tax imposed by this title in respect of which tax the taxpayer is required to file a return shall be filed by the taxpayer within 3 years from the time the return was filed or 2 years from the time the tax was paid...