News / Article

Enjoy Doing Your Taxes This Year, Because Next Year Will Be a Nightmare

Source: nbcnews.com/business/taxes/enjoy-doing-your-taxes-year-because-next-year-will-be-n742081 - Apr 4, 2017

Donald Trump's "skinny budget" puts the tax man on a diet, and that could put a dent in how much money Uncle Sam collects from individuals and businesses.

While it might be nice to have the (already slim) chance of getting audited even less likely, experts warn that anemic enforcement could have wide-ranging ripple effects on compliance and revenue. Although it's not a cut of the same magnitude as the 31 percent cut to the EPA, the 14 percent reduction proposed for the IRS in Trump's budget would necessitate a sharp cutback in enforcement and customer service.

CLICK SOURCE ABOVE TO READ ENTIRE ARTICLE

Category: General Business