Page 6 - Tax Complexity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Businesses and private individuals. when the irs looks at the total amount of taxes that it's supposed to collect, they think that they're what they call the tax gap, they think most of that tax gap comes from small businesses underreporting their income and from private individuals like ourselves. and so their idea is if they hire more auditors, that they can start to crack down on those of us that they think are underreporting and raise more revenue. but the real problem here as identified by the taxpayer advocate is tax complexity. that's the biggest problem facing taxpayers. and this bill ...

Businesses based in the United States that sell to international customers should pay special attention to new tax rules for value-added tax (VAT) on ecommerce sales.

Respond. i guess they are happy because complexity means more of us have to go pay them. >> this turbo charge is tax complexity. that's why she is smiling. you have to figure out how much subsidy you are due. you have to figure out if you don't buy insurance how much penalty you pay. that's really complicated. if you have an insurance gap of three months or less you don't pay the penalty. if it's 3 months or more you pay the penalty. if you are in one of these exempt you don't have to buy insurance or pay a penalty. it is so complicated the application form is 21 pages long because they need t...