Complexity is eroding voluntary compliance with U.S. tax laws, a member of the American Institute of CPAs Tax Executive Committee told the House of Representatives Small Business Committee this week.
"By and large, small businesses obey the law, but it's only human to inadvertently disobey a law if you do not or cannot understand the rules," TEC member Ronald B. Hegt said. Hegt said that a "lack of deliberation in the legislative process," frequent law changes in recent years, and the increasing magnitude and complexity of the Internal Revenue Code are creating serious compliance issues for small businesses.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access