One Change At The IRS Could Be A Huge Win For CPAs

One Change At The IRS Could Be A Huge Win For CPAs
Photo Credit: SUFFER_19 by mat stevens is licensed under Flickr CC BY-ND 2.0
Tax reform created new rules and regulations that were unfamiliar at best, and often poorly thought out, inconsistent and confusing.

In addition, CPAs had to deliver a lot of bad news to their clients.  Even though tax reform provided relief to some, it generally wasn’t felt that way.  Many people were paying less in taxes over the course of 2018, incrementally fewer dollars in withholdings, yet faced a tax bill or were looking at a much smaller refund when it was time to file.

It was a reality check, and many taxpayers had ended up owing money for the first time.  The withholding guidance, in some cases, proved to be too aggressive, ultimately rocking the expectations of many people accustomed to receiving refunds.

As CPAs struggled to keep up, they looked to the Internal Revenue Service for assistance. Instead, the agency was part of the problem.

Help FAIRtax Get In The Presidential Debates in 2020

Enacting the FAIRtax must be a prominent topic on the Presidential Debate stage. We did it before, we can do it again, but we need your help!

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.
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Americans for Fair Taxation
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Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!