Kiplinger

IRS Reform Bill: 12 Ways the IRS Would Be More Taxpayer-Friendly Under the Taxpayer First Act

Let's face it...the IRS isn't the most popular government agency out there. It's not just that they take your money. They also have a (undeserved?) reputation for tough stances on deductions and credits, aggressive tax collectors, poor customer service and generally being difficult if you happen to disagree with them.

Wouldn't it be nice to have a kinder, gentler IRS? You'd still have to pay your taxes, but at least you wouldn't have to deal with some of the IRS's rougher edges anymore. Well, guess what...Congress just passed a bill that would reform the IRS and make it a little more taxpayer-friendly. It's called the Taxpayer First Act, and it's now on President Trump's desk. Here are 12 ways the bill will improve the IRS's bad reputation if the president signs it.

Greater Access to Independent Review Process

Getty Images

You claim a sizable deduction on your tax return, but an IRS auditor says you're not eligible or that the amount deducted is too high. You go back and forth with the auditor, but you remain at an impasse. To avoid the hassle of litigation, you ask for an independent review of the auditor's decision by the IRS Office of Appeals...but they say no. Looks like it's off to court you

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger4 min read
Hiring a Financial Adviser? Start the Conversation Simply with These Top 3 Questions
No matter where you are in your career, the prospect of working with a financial adviser may bring on a flurry of finance-related questions. For baby boomers, questions may be centered on "How much do I need to retire?" and "When can I retire?" For
Kiplinger7 min read
10 Ways the SECURE Act Could Impact Your Retirement Savings
With the decline of traditional pensions, most of us are now responsible for squirrelling away money for our own retirement. In today's do-it-yourself retirement savings world, we rely largely on 401(k) plans and IRAs. However, there are obviously fl
Kiplinger4 min read
Talking to Your Family About Money
Talking about money can often be considered taboo. In fact, we often see that closest friends share even the most intimate details of their lives with each other -- except they still don't talk about money. And a recent study showed that at a dinner