The Tax App: Eliminating Tax Returns Entirely
5 Pages Posted: 19 Jul 2017
Date Written: July 14, 2017
Congress could very easily achieve return-free filing – without IRS involvement or any substantive changes to the tax code – by simply requiring all tax information providers (such as employers, banks, stock brokerage firms, and charities) to make the tax information they hold (e.g.., IRS Forms W-2s, 1099s, 1098s, and charitable donation information) available electronically in a single accessible format so that a taxpayer could receive all of his or her tax information electronically. A smartphone app could then access this information, complete the taxpayer’s tax return, file the return, and pay any tax or receive any refund, all electronically, and automatically.
Keywords: Tax Returns, Tax Simplification
JEL Classification: H20
Suggested Citation: Suggested Citation