How Tax Compliance Obligations Hinder Small Business Growth
On Wednesday, July 22, 2015 at 11:00 A.M. the Committee on Small Business will hold a hearing titled: "How Tax Compliance Obligations Hinder Small Business Growth." The hearing will be held in 2360 of the Rayburn House Office Building.
The hearing will examine the tax compliance burden facing small firms and examine the effectiveness of actions taken by the Internal Revenue Service (IRS) intended to reduce these compliance costs. The United States Government Accountability Office (GAO) will release a report at the hearing examining the efficacy of some IRS efforts to ensure tax compliance and a GAO official will testify about the potential complications those efforts cause for small businesses. A second panel will focus on ways to reduce the complexity faced by small firms when preparing their taxes.