Tuesday, April 16, 2013
The Senate Finance Committe holds a hearing today on Tax Fraud and Tax ID Theft: Moving Forward with Solutions:
- Steven T. Miller (Acting Commissioner, IRS)
- Nina E. Olson (National Taxpayer Advocate, IRS)
- Jeffrey A. Porter (Chair, Tax Executive Committee, American Institute of Certified Public Accountants)
- Marianna LaCanfora (Deputy Commissioner, Social Security Administration)
In connection with the hearing, the Joint Committee on Taxation has released Present Law and Background Information Related to Selected Tax Procedure and Administration Issues:
This document ... reviews three broad aspects of Federal tax administration and practice that are relevant to voluntary compliance: identity theft tax fraud, rules governing paid tax preparers, and civil tax penalties. The first section discusses tax rules under the Internal Revenue Code and other laws that are directly implicated in efforts to prevent identity theft tax fraud and summarizes several proposals aimed at addressing the issue. The second section discusses the tax rules governing paid tax return preparers and the attempt by the IRS to regulate the conduct of paid tax return preparers. The third section discusses the civil assessment process and provides an overview of the civil tax penalty system and summarizes selected issues raised by practitioner groups and others.