Washington, Jul 9 - With the passage of ObamaCare, the IRS gets the job of administering all the tax-related provisions – and there are more than a few – that turn the wheels of this new grand social experiment. But it turns out the agency is not exactly equipped for the job. Get ready for more costly trouble for businesses and non-profits, wrongly-imposed penalties, and of course, a big mess for taxpayers. Clearly, more government does not equal better health care.
“The [IRS], which will be responsible for administering major aspects of health insurance finance, is neither structured nor funded to effectively oversee social programs, the National Taxpayer Advocate Service said in a news release.”
“In addition, a tax reporting requirement in the health-care law ‘may impose significant burdens on businesses, charities, and government agencies,’ the advocate service reported.”
“The IRS ‘will face challenges making productive use of this new volume of information,’ the mid-year report said. ‘In our view, it is highly likely that the IRS will improperly assess penalties that it must abate later, after great expenditure of taxpayer and IRS time and effort.’”
“The requirement could bury the IRS in tens of millions of paper filings that it will have to pay employees to process or discard, Olson said through a spokesman.”
ObamaCare…it’s Bad Medicine. We must repeal it and replace it with patient-centered health care reform. ###
WASHINGTON — National Taxpayer Advocate Nina E. Olson today released a report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the coming fiscal year. The report expresses concern about the adequacy of IRS taxpayer service, particularly as the IRS begins to implement health care reform, about new information reporting burdens facing small businesses and others, and about certain IRS collection practices.
Among the areas the report identifies for particular emphasis in FY 2011 are the following: Summary National Taxpayer Advocate Submits Mid-Year Report to Congress and FULL TEXT in PDF Format FY 2011 Objectives Report to Congress
No comments:
Post a Comment