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Saturday, April 07, 2012

IRS: Next Year's Filing Season Could Be A Disaster

IRS Commissioner Douglas Shulman warned Congress if it doesn't deal with expiring tax cuts and other tax laws, next year's filing season could be a disaster. He said if Congress doesn't resolve tax questions early, total confusion would prevail among taxpayers. That could cause the agency to delay the opening of the filing season.

Speaking at the National Press Club, Shulman said he would step down when his term expires in November. He was appointed by President Bush in 2007.

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