Thursday, July 19, 2007

THIS JUST IN - GOOD NEWS!

* KPE reports on her TAX GIRL blog that “on July 18, the Ways and Means Committee passed H.R. 3056, the Tax Collection Responsibility Act of 2007, which would repeal the use of private debt collection companies for purposes of collecting federal income taxes. The Committee approved the measure by a vote of 23 to 18.”

Kelly quotes Oversight Subcommittee Chairman John Lewis as stating, “The private debt collection program is an insult to the American taxpayer and our Federal tax system”. Right on, John!

* Paul Caron, the TAX PROF, reports that “The House Judiciary Committee voted yesterday (also July 18th) to
prohibit patents of tax planning methods, defined as 'a plan, strategy, technique or scheme that is designed to reduce, minimize, or defer' a taxpayer's tax liability.”

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