The U.S. Department of the Treasury announced a full court press to pass the Biden Administration’s American Families Plan. The Deputy Assistant Secretary for Economic Policy, Natasha Sarin, points to the Tax Gap, the “wealthy” and the “current information reporting regime” as the culprits as to why we don’t have a “well-functioning tax system.” The Remedy?? Taxpayers must give up their financial privacy AND substantially increase the size of the IRS.
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649