Small business tax compliance : burdens and irs response efforts / Sheri Patton, editor.

Format:

Book

Contributor:

Patton, Sheri, editor.

Series:

Business economics in a rapidly-changing world series.

Business Economics in a Rapidly-Changing World

Language:

English

Subjects (All):

Small business--Taxation--United States.

Small business.

Physical Description:

1 online resource (107 p.)

Place of Publication:

New York, [New York] : Nova Publishers, 2016.

Summary:

A challenge the Internal Revenue Service (IRS) faces is balancing efforts to minimize taxpayer burden with efforts to ensure compliance with the tax code. Small businesses are a vital source of economic growth in the United States. Reducing their costs for complying with the tax code may free up resources to expand, hire new employees, and contribute to the growth of the U.S. economy. This book describes characteristics of the small business population; describes how characteristics of a small business affect compliance burden; describes how IRS integrates small business compliance burden considerations in decision-making; and assesses IRS's plan for evaluating its payment card pilot.

Contents:

SMALL BUSINESS TAX COMPLIANCE BURDENS AND IRS RESPONSE EFFORTS; SMALL BUSINESS TAX COMPLIANCE BURDENS AND IRS RESPONSE EFFORTS; Library of Congress Cataloging-in-Publication Data; CONTENTS; PREFACE; Chapter 1: SMALL BUSINESSES: IRS CONSIDERS TAXPAYER BURDEN IN TAX ADMINISTRATION, BUT NEEDS A PLAN TO EVALUATE THE USE OF PAYMENT CARD INFORMATION FOR COMPLIANCE EFFORTS; WHY GAO DID THIS STUDY; WHAT GAO RECOMMENDS; WHAT GAO FOUND; ABBREVIATIONS; BACKGROUND; MOST SMALL BUSINESSES ARE INDIVIDUALS, BUT MOST SMALL BUSINESS INCOME IS EARNED BY PARTNERSHIPS AND CORPORATIONS

TAX COMPLIANCE BURDENS VARY DEPENDING ON A SMALL BUSINESS'S SIZE, NUMBER OF EMPLOYEES, ENTITY TYPE, INDUSTRY, AND OTHER CHARACTERISTICSIRS'S DECISION-MAKING FRAMEWORK INCLUDES CONSIDERATION OF SMALL BUSINESS COMPLIANCE BURDEN; IRS'S OVERALL EVALUATION OF ITS PAYMENT CARD PILOT HAS SEVERAL STRENGTHS, BUT DOES NOT FULLY ADDRESS ALL ELEMENTS NECESSARY TO EFFECTIVELY ASSESS RESULTS; CONCLUSION; RECOMMENDATIONS; AGENCY COMMENTS; APPENDIX I: OBJECTIVES, SCOPE, AND METHODOLOGY; APPENDIX II: DESCRIPTION OF METHODOLOGY AND RELIABILITY OF DATA USED TO PRODUCE SMALL BUSINESS POPULATION ESTIMATES

APPENDIX III: ADDITIONAL INFORMATION ON SMALL BUSINESS COMPLIANCE BURDENAPPENDIX IV: SELECTED OPEN GAO RECOMMENDATIONS TO IRS THAT MAY AFFECTSMALL BUSINESS TAXPAYER BURDEN; Chapter 2: OPENING STATEMENT OF STEVE CHABOT, CHAIRMAN, HOUSE COMMITTEE ON SMALL BUSINESS. HEARING ON "HOW TAX COMPLIANCE OBLIGATIONS HINDER SMALL BUSINESS GROWTH"; Chapter 3: STATEMENT OF TROY LEWIS, VICE PRESIDENT, HERITAGE BANK. HEARING ON "HOW TAX COMPLIANCE OBLIGATIONS HINDER SMALL BUSINESS GROWTH"; INTRODUCTION; IRS TAXPAYER SERVICES; GOOD TAX POLICY; TANGIBLE PROPERTY REGULATIONS; CIVIL TAX PENALTIES

MOBILE WORKFORCETAX RETURN DUE DATE SIMPLIFICATION; CONCLUDING REMARKS; Chapter 4: STATEMENT OF STEPHEN F. MANKOWSKI, PARTNER, EPCAINE & ASSOCIATES, LLC. HEARING ON "HOW TAX COMPLIANCE OBLIGATIONS HINDER SMALL BUSINESS GROWTH"; INDEX

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

1-63484-566-8