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SAN FRANCISCO (MarketWatch) — The most pressing and serious problem facing U.S. taxpayers is the tax code’s sheer complexity, which forces individual filers and businesses to spend an estimated 6.1 billion hours every year complying with tax law, according to the latest report from the National Taxpayer Advocate, presented to Congress Wednesday. If you hired workers to do all the work of complying with the tax code, it would require more than 3 million full-time workers, “making ‘tax compliance’ one of the largest industries in the U.S.,” according to the report by Nina Olson. Olson, as the National Taxpayer Advocate, heads the Taxpayer Advocate Service or TAS, a government agency that monitors the IRS and helps individual taxpayers resolve problems with the IRS. Olson’s office is required to present annual reports to Congress detailing the top 20 problems facing taxpayers. Read More |