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Grassley Calls For Post-Mortem Of US Tax Filing Fiasco,
by Mike Godfrey, Tax-News.com, Washington
Friday, December 14, 2007
Senator Chuck Grassley, ranking member of the Committee on Finance, has asked
the Government Accountability Office (GAO) to analyze the likely impact on the upcoming tax filing
season of the failure by Congress to enact Alternative Minimum Tax (AMT)
relief so far this year.
The IRS has warned of serious problems for taxpayers, compounded as the delay
worsens. Grassley made the following comment:
“This ping-pong game is just making the filing season a bigger fiasco
by the day. Every day’s delay by House Democrats means hundreds of thousands
more taxpayers will have hundreds of millions of dollars in refunds delayed.
The House leaders needs to face the music and pass a clean AMT bill. I’m
asking the GAO for an accounting of the impact of the delay on taxpayers so
a few months from now, we’ll all understand the consequences of fooling
around with the filing season.”
The Treasury had said that the failure to enact the AMT patch before November
would affect the computation of various tax credits, such as the child tax credit,
and the retirement savings contribution tax credit, meaning that an additional
25 million taxpayers would face delay in the processing of their returns and
the payment of refunds.
"The failure of Congress to act in a timely manner in passing an AMT patch
has raised great concerns in my mind about the extent taxpayers will be facing
a filing fiasco early next year," Grassley wrote in his letter to David
M. Walker, Comptroller General of the GAO.
According to Grassley, during the 2007 filing season, the IRS processed over 135
million income tax returns; issued over $233 billion in refunds to taxpayers;
received nearly 70 million calls on its toll-free telephone lines; assisted
about five million taxpayers at its walk-in and volunteer sites; and provided
assistance to millions of taxpayers via the IRS website.
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