Rep. Nydia Velázquez, D-N.Y., chairwoman of the House Small Business Committee, says the IRS should do more to help small businesses get on top of their taxes. She suggests educational sessions, flexibility in making payments, and quicker processing of refunds. Yesterday, she sent a letter to the IRS commissioner noting that, according to the Government Accountability Office, entrepreneurs can be stuck with filing 200 IRS forms each year. Simplifying this process could help keep more small businesses open, she says.
Velázquez and her committee recommend that the IRS take the following four actions: