Tax Guru-Ker$tetter Letter

Sunday, February 23, 2003

Taxes In the PRC

Having worked for several years on the Left Coast, I long ago learned that, when it comes to collecting taxes, the most ruthless bunch in the entire country are the Franchise Tax Board. While it may be hard to believe, they are much more trigger happy than even the IRS. In fact, the FTB trains IRS employees on better means of collecting past due taxes.

That came to mind when I saw this item from Spidell that the PRC is planning to be much more aggressive than IRS in its desire to have taxpayers file their returns electronically. They are discussing making it mandatory for practitioners who prepare more than 50 (or 100) tax returns each year. Then to top it off, they are planning to charge the practitioners an annual fee for use of the Tax Practitioner Hotline.

If these changes make it through in the PRC, you can expect them to spread across other states and even to the IRS.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 2/23/2003 02:02:00 PM Send this post: