Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
IRS chief warns of congressional inaction on taxes
Thursday - 4/5/2012, 4:26pm EDT
WASHINGTON (AP) - IRS commissioner Douglas Shulman warned Thursday of a disastrous tax filing season next year if Congress puts off dealing with tax cuts that are set to expire at the end of the year or have already expired.
If Congress waits until the end of the year or acts retroactively on expired tax laws, "you could have a real disaster in the filing season where there is total confusion" about existing tax law, Shulman said at the National Press Club. He said one result could be that the tax agency, as it did last year, would have to delay the opening of filing for some taxpayers.
Shulman noted that the 2001 and 2003 George W. Bush tax cuts are set to expire at the end of this year, as is the payroll tax cut that was enacted last year and extended by President Barack Obama in February. The future of all those tax breaks is certain to be contentious as the fall elections near and as Congress approaches year-end votes on spending legislation.
Shulman said lawmakers also must decide on changes to the alternative minimum tax and determine what to do about several dozen already-expired tax breaks in such areas as research and development, ethanol, and schoolteachers who buy supplies for their classrooms.
"It is an issue we are tracking closely and we are quite concerned about and we are hopeful that these pieces of legislation will pass sooner rather than later," Shulman said.
Last year some taxpayers had to wait until mid-to-late February to file their returns because Congress made changes to the 2010 tax law in December and the IRS needed more time to reprogram its processing system.
Shulman also told reporters he planned to step down as commissioner when his term ends this autumn. He was nominated by Bush in late 2007.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)