Research Report Improved Information Reporting for Capital Gains
C. Eugene Steuerle
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Eugene Steuerle suggests one ripe area for expanded reporting involving capital gains, particularly from mutual funds and brokerage houses. The IRS could match net gains from information reports with what taxpayers report on their returns, taxpayers would not be faced with multiple choices, they would not have to pay extra fees to their tax preparers to track down additional data, and financial intermediaries would get fewer requests for information from taxpayers at the end of the year.
Research Areas Taxes and budgets
Tags Individual taxes Federal budget and economy Campaigns, proposals, and reforms Federal tax issues and reform proposals