Tags: IRS | Loving v. IRS | lawmaker | quotes

3 Quotes From Lawmakers About the Loving v. IRS Case

By    |   Friday, 24 Jul 2015 06:46 PM

A 2014 appeals court ruling in Loving v. IRS, which said a group of tax preparers was right when it suggested the IRS had no authority to regulate them, sparked strong reaction from members of Congress.

Some hope lawmakers can come up with a future solution to help consumers, ThinkAdvisor reported. The Obama administration, in a 2016 budget proposal, includes a provision that would regulate such paid tax advisers.

Here are three quotes from lawmakers in response to the Loving v. IRS case.

Urgent: Is the IRS Good for America? Vote Now

“Taxpayers today face a double burden – crooked or incompetent tax preparers along with an overgrown and complicated tax code. We should put an end to both. I’m proud to say my state gets this issue right. While Oregon and a few other states are already leading in this area, we need to restore federal standards to protect all American taxpayers.”
— U.S. Sen. Ron Wyden, D-Oregon, a member of the Senate Finance Committee, in a news release saying the decision weakened taxpayer protections

“Our income tax system relies heavily on good faith voluntary compliance, which, in turn, requires the services of paid preparers that are both competent and ethical. The IRS attempted to implement regulations in 2011 that, for the first time, imposed both ethical and competency standards on any person who sought to prepare tax returns for compensation. The D.C. Circuit Court of Appeals, however, has since prevented IRS from enforcing those regulations when it upheld the Loving decision on appeal. Among the approaches to solving the problem of incompetent and unethical paid preparers … is government regulation. However, there are other approaches worthy of thoughtful consideration. One approach is comprehensive tax reform that results in a much simpler and straightforward tax system with fewer compliance and administrative burdens. A less complex tax system that allows for simpler compliance rules will reduce taxpayer and preparer errors associated with complexity, decrease the need for complex tax filings, and eliminate opportunities to cheat the system through unethical behavior.”
— U.S. Sen. Sen. Orrin Hatch, R-Utah, a member of the Senate Finance Committee, in a news release

“Our tax code is complicated. To protect taxpayers from incompetent or unscrupulous preparers, the IRS needs adequate tools to ensure that preparers are qualified and held accountable.”
— U.S. Sen. Ben Cardin, D-Maryland, a member of the Senate Finance Committee, in a news release introducing a bill in response to the court decision that would give the U.S. Treasury and IRS authority to regulate tax preparers

Vote Now: How Do You Feel About the IRS?

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
FastFeatures
A 2014 appeals court ruling in Loving v. IRS, which said a group of tax preparers was right when it suggested the IRS had no authority to regulate them, sparked strong reaction from members of Congress.
Loving v. IRS, lawmaker, quotes
431
2015-46-24
Friday, 24 Jul 2015 06:46 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved