tag:blogger.com,1999:blog-4797649961140618008.post3336248909370669294..comments2023-08-27T09:26:48.200-05:00Comments on Pete Terranova: IRS Is OverburdenedPetehttp://www.blogger.com/profile/04210441627504923976noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4797649961140618008.post-74722703734108220712010-01-10T07:08:55.482-06:002010-01-10T07:08:55.482-06:00Probably a huge number. Most small to mid-size fi...Probably a huge number. Most small to mid-size firms rely heavily on the revenues they earn from their tax compliance and tax planning services. A small price to pay, I say, in exchange for benefiting all of society. I'd be forced to increase my accounting and assurance (financial audits, etc.) services. I could do it.Petehttps://www.blogger.com/profile/04210441627504923976noreply@blogger.comtag:blogger.com,1999:blog-4797649961140618008.post-70597656841313858972010-01-09T08:08:23.074-06:002010-01-09T08:08:23.074-06:00How many clients would CPAs lose if the Tax Code w...How many clients would CPAs lose if the Tax Code were simpler?Mike Roachhttps://www.blogger.com/profile/14628445669269451128noreply@blogger.comtag:blogger.com,1999:blog-4797649961140618008.post-42955710109892248212010-01-09T06:06:29.663-06:002010-01-09T06:06:29.663-06:00The tax system should be far simpler. (Forget the...The tax system should be far simpler. (Forget the Fair Tax. Its supporters are being disingenuous and dishonest. It's a glorified sales tax that will cripple the economy and do very little of what it claims it will do.) You don't need a professional to help you pay your other taxes - property, sales, excise. Computing and paying your income taxes should be just as easy. But within the Tax Code lies power and there's no way you'll get politicians to give up any of that.Petehttps://www.blogger.com/profile/04210441627504923976noreply@blogger.comtag:blogger.com,1999:blog-4797649961140618008.post-29357134387132262622010-01-08T20:22:06.162-06:002010-01-08T20:22:06.162-06:00You would think that an organization that has been...You would think that an organization that has been around since 1862 would be a little better at its job. However, since the government that writes the tax code is the same government that runs astronomical, historical deficits and also runs the DMV, I guess the IRS I guess it could be worse.<br /><br />I think the answer might lie within the fair tax. I will admit I don't know enough about the fair tax to be an advocate, but I will go on record saying that it should be renamed "the simple tax."Mike Roachhttps://www.blogger.com/profile/14628445669269451128noreply@blogger.com