The U.S. tax code places a “significant, even unconscionable burden” on taxpayers and needs to be completely overhauled. That is the view of Nina E. Olson, national taxpayer advocate with the Internal Revenue Service, as she explained to Congress on January 9. The code is so complicated, that individuals and business have to spend…
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How much will your paycheck change as a result of the recently passed fiscal cliff deal in Washington D.C.? The answer to that question depends not just upon how quickly your employer can incorporate the required changes in federal withholding tax rates, but also upon which set of instructions they received from the IRS…
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