Earned Income Tax Credit (EITC)
OMB Watch Comments on EITC "Pre-Certification"
Jul 14, 2003 by Guest Blogger
The IRS is planning a "pilot" project to require "pre-certification" of EITC recipients beginning in August 2003. The project is targeted at filers who claim children who are not their own. Comments on the form that requires documentation or affidavits proving residency of children with the claiming tax filer for six months of the tax year were due July 14. Comments on the overall process are can be made through December 31, 2003. See the IRS announcement for more information.
read in fullComments on IRS Pre-Certification of EITC Recipients
Jul 14, 2003 by Guest Blogger
The Internal Revenue Service is planning a "pilot" project beginning in August to require "pre-certification" of 45,000 Earned Income Tax Credit recipients. This effort is targeted to filers who are claiming children of whom they are not the parents. OMB Watch commented on the process and the form, which requires documentation or an affidavit to show that the children and caretakers have lived in the same household for six months of the taxpaying year. Comments on the form were due on July 14, 2003, but comments about the process may be submitted through December 31, 2003. See the IRS announcement for more details.
read in fullFrom the Tax Policy Center
Jul 10, 2003 by Guest Blogger
Here's the latest from the Urban-Brookings Tax Policy Center:
TAX EVASION, IRS PRIORITIES, AND THE EITC Leonard E. Burman Testimony to United States House of Representatives
THE AMT: PROJECTIONS AND PROBLEMS Leonard E. Burman, William G. Gale and Jeff Rohaly TAX NOTES, July 7, 2003
Corporate Tax Havens and the EITC
Apr 18, 2003 by Guest Blogger
While the administration continues to push for tax cuts for corporations and the very wealthy, whose tax avoidance is estimated to cost the government $75 billion a year, it is also working to establish a rigorous pre-certification process for Earned Income Tax Credit (EITC) recipients.
read in fullProgram Assessment And Budget Cuts Ahead
Feb 10, 2003 by Guest Blogger
This Administration has not made reducing the size and effectiveness of government a stated goal; however, the strides that are being made to devolve responsibilities to the states and to privatize government functions, deregulate and limit government oversight, and defund government by reducing federal (and often state) revenue through huge tax cuts, make the words unnecessary. One new and potentially effective tool in this effort to delimit the role of the federal government is the “Program Assessment Rating Tool,” or “PART.”
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