The Director's Corner is an ongoing series of opinion pieces from Chief Tax Officer and Executive Director David Williams.

The Important Work of Reforming and Simplifying Taxes Continues

On December 22, 2017 the President signed the new tax bill into law, making sweeping changes to the federal tax code for corporations, small businesses and individual taxpayers alike. For many low and moderate-income earners, the new law will reduce complexity – eliminating the need to itemize. And that is a significant benefit. But ensuring…

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How to Improve EITC Administration

What more can the IRS do to get taxpayers to comply with tax law? One ideas that goes beyond traditional audits and penalties is to explore the possibility of using behavioral economics as an additional administrative tool for tax provisions like the Earned Income Tax Credit (EITC). Research on applications of behavioral economics to social…

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Tax Reform for Average Taxpayers

When I hear commentary about tax reform – which seems to be nonstop these days – I think about the people for who simpler taxes would make a big difference.  Understanding the impact of abstract changes on real people can really bring to life what simplification can mean.  For example, my colleague recently met a…

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Rethinking Retirement Security

Financial preparedness for retirement is a major challenge for many, if not most, US households. While economists disagree about the magnitude and depth of the issue, in general, consensus exists around the notion that improving retirement security should be a public policy goal. For starters, retirement savings rates are abysmally low. The National Institute on…

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Intuit Statement on Tax Reform

As tax reform discussions ramp up, I wanted to let you know where Intuit stands. Here’s the statement we’ve released today in support of simplification and common sense improvements: Intuit is pleased Government is taking up tax reform and tax simplification and moving toward Congressional consideration of this critical priority. We recognize that these issues…

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Today is #FinHealthMatters Day – a day designed to draw attention to the 57% of Americans who are struggling financially, ignite conversations about what financial health means, and inspire collective action to improve financial health. What do we mean by financial health and financial capability? It is a holistic approach to what is required to achieve financial…

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Tax Reform to Enable Small Business Success

It’s National Small Business Week, a designation meant to celebrate the critical contributions of entrepreneurs and small business owners to our economy. Those contributions are plentiful. Small businesses generate income for more than 50 percent of Americans who either own or are employed by them, and they create two out of every three new jobs…

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EITC: Raise Awareness of the Credit and Refund Delays

This year, more than 27 million working families and individuals will get a financial boost from claiming the Earned Income Tax Credit (EITC). As the nation’s largest anti-poverty program, the working family credit supports those who often live paycheck to paycheck, for whom every dollar is precious. While many families already benefit from the credit,…

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National Tax Security Awareness Week

Monday marked the start of “National Tax Security Awareness Week.” Thus I am devoting this post to reflections on the efforts to fortify our tax administration system against cybercriminals. In the spring of 2015 the IRS, state tax officials, and the tax preparation industry initiated an unprecedented collaboration to strengthen the American tax system against…

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Part 2: How the Private Sector Can Improve Tax Administration

Read Part 1 of this series here. Everyone wants to make tax time easier – the public, the government and those of us in the tax prep industry. I recently participated in a panel discussion at the National Tax Association’s Spring Symposium to discuss how the Internal Revenue Service and the private sector can continue…

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