National Taxpayer Advocate Nina Olson released a report to Congress pointing out a variety of problems, including the impact of late-year Tax Code changes on taxpayers.
Olson noted that late changes such as patching the alternative minimum tax in December 2007 and the last-minute extension of several tax deductions in 2006 have the effect of delaying refunds and preventing taxpayers from claiming the tax deductions. She pointed out that the late refunds could cause financial hardships for low-income taxpayers.
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