Sen. Baucus Targets Tax Gap, Identity Theft In Reform Plan

Law360, New York (November 20, 2013, 4:10 PM EST) -- Another set of tax reforms proposed by Senate Finance Committee Chairman Max Baucus, D-Mont., on Wednesday would reduce the tax gap and combat identity theft, but analysts say it’s unlikely that any plan would pass through a gridlocked Congress.

Baucus said Wednesday's plan to simplify the tax code focuses largely on making tax filing easier and thus less expensive. Americans spend more than 6 billion hours filing tax returns every year, his office said, thanks to a tax code so complex that nearly 90 percent of...
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