Reed: Acting to Protect the American Taxpayer
On his weekly media call Congressman Tom Reed shared how he is taking the lead to protect the American taxpayer and grow the economy.
“With April fifteenth right around the corner, the taxpayers in the Southern Tier and Finger Lakes do not need a reminder it is tax season. Under the current tax code no one is being treated fairly. That is why I am committed to fostering a tax code that is simple, fair, and competitive. The current system is unfair and New Yorkers are fed up."
“In light of the IRS’ targeting of individuals based on their political beliefs, faith in the IRS ability to fairly administer the tax code has been eroded. I care about your 1st Amendment beliefs and feel the IRS needs to treat all Americans in a direct, respectful, and fair way.
“As always we stand ready to assist anyone who needs help navigating Washington’s confusing web of tax regulations. I want the people of the Southern Tier and Finger Lakes to know that we are standing with them and we are here for them.”
*Summary of Tax-Related Legislation
H.R. 1058, “Taxpayer Bill of Rights Act of 2015.”
· Requires IRS Commissioner to ensure that IRS employees are familiar with and act in accordance with taxpayer rights, including the right to be informed, to be assisted, to be heard, to pay no more than the correct amount of tax, to an appeal, to certainty, to privacy, to confidentiality, to representation, and to a fair and just tax system.
H.R. 1152, “To prohibit officers and employees of the Internal Revenue Service from using personal email accounts to conduct official business.”
H.R. 1026, “Taxpayer Knowledge of IRS Investigations Act.”
· Allows taxpayer to learn if an IRS investigation is underway regarding unauthorized disclosure of their tax return information, whether a violation was found, and/or action taken against the violator.
H.R. 1314, “To amend the Internal Revenue Code of 1986 to provide for a right to an administrative appeal relating to adverse determinations of tax-exempt status of certain organizations.”
· Treasury Secretary shall develop procedures for organizations to appeal an adverse ruling by IRS on their tax-exempt status.
H.R. 1295, “To amend the Internal Revenue Code of 1986 to improve the process for making determinations with respect to whether organizations are exempt from taxation under section 501(c)(4) of such Code.”
· Organization notifies IRS of intent to operate as 501(c)(4), rather than needing a designation letter from the IRS.
H.R. 1104, “Fair Treatment for All Donations.”
· Federal law requires that gifts in excess of $14,000 be subject to the gift tax, but donations to nonprofit organizations have always been considered tax-free. In recent years, however, the IRS has threatened to apply the gift tax to these contributions.