Business Tax Compliance and Complexity

The full cost of a tax system is more than simply the amount of tax paid. It also includes the cost of tax planning and paperwork. Economists call these “tax compliance” costs, and the IRS estimates Americans spend 6.6 billion hours per year filling out tax forms—including 1.6 billion hours on the 1040 form alone.


Related Articles

Iowa Governor Outlines Plan to Cut Rates and Repeal Federal Deductibility

European Countries Push Forward on Digital Taxes Despite Pleas to Wait

The ‘Grain Glitch’ Needs to Be Fixed

Statement on Final Passage of the Tax Cuts and Jobs Act

EU Letter to Treasury Should Not Change Tax Reform

House and Senate Bill Limits on Interest Deductions

Arkansas Tax Reform: Lessons from Other Legislators

Key Changes in Senate Tax Reform Bill Heading into the Vote-a-Rama

Details of the House Tax Cuts and Jobs Act

Options for Improving Cost Recovery for Structures

Testimony: The Startup Slump: Can Tax Reform Help Revive American Entrepreneurship?

Comments on Today’s Joint Statement on Tax Reform

California Makes Major Changes to Key Tax Administrative Body

Complicated Taxes for Business Travelers Might Be Getting Easier

Landmark Tax Avoidance Treaty Could Change International System

Takeaways from Initial House Ways and Means Tax Reform Hearing

Threat of Another Kansas Credit Downgrade after Veto of Tax Package

Testimony: The Tax Code as a Barrier to Entrepreneurship

Understanding the House GOP’s Border Adjustment

Details and Analysis of Rep. Jim Renacci’s Tax Reform Proposal