Tax penalties harsh, ineffective, says AICPA

摘要

The time is past due for civil taxrnpenalty reform, the American Institute of CPAs recently told lawmakers and administration officials.rn"In the 20 years since Congress enacted the Improved Penalty and Compliance Tax Act, there have been numerous legislative and administrative changes in the civil tax penalty regime that have negatively influenced the effectiveness of civil tax penalties as a means of encouraging voluntary compliance," Alan Einhorn, the chair of the AICPA's Tax Executive Committee, explained to Treasury and IRS officials, as well as members of congressional tax-writing committees.