This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Alliantgroup Shares Views On The Proposed Tax Reform Options From The Senate Finance Committee

HOUSTON, March 21, 2013 /PRNewswire/ -- Mark W. Everson, Former IRS Commissioner and alliantgroup Vice Chairman, Dean Zerbe, former Senior Tax Counsel to the U.S. Senate Committee on Finance, and Dhaval Jadav, alliantgroup CEO, agree that the proposed tax reform will come of great benefit in a time of increasing demands on tax administration.

The Internal Revenue Service (IRS) mission statement reads as follows: "Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all." The Senate Finance Committee Staff has presented a staff discussion tax reform which they believe will allow the IRS to accomplish its mission statement more fairly, efficiently, and effectively.

"I welcome anything that can be done to simplify the tax code and improve tax administration. A number of the steps outlined in the staff discussion draft would be of great benefit to individuals, as well as to small and medium size businesses," Everson said. "In addition, Congress has been slow to address the problem of identity theft. It is noteworthy and high time that they tackle this plague, which is straining our tax and financial systems."

Reform options include changes to collection and enforcement, the filing process, simplification of the code, and a miscellaneous section comprised of updates and improvements of taxpayers' rights and Tax Court operations.

"It is important that the Senate Finance Committee has signaled that it is serious about reform and moving forward in an open and transparent manner. Any staff paper on tax reform that proposes getting rid of AMT as well as the Byzantine PEPs and Pease is off to a good start," Zerbe said. "From my time on the Committee, I've found that staff discussion papers have been a good way to bring forward issues and allow for more engaged and substantive discussions that can possibly lead to legislation. It is good to see the Committee moving from platitudes to particulars as they consider much-needed proposals for reform."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs