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Original publisher: [Washington, D.C.: U.S. G.P.O., 2006] LC Number: KF31 .F5 2006c OCLC Number: (OCoLC)75411779 Subject: Telephone -- Taxation -- ...Show synopsisOriginal publisher: [Washington, D.C.: U.S. G.P.O., 2006] LC Number: KF31 .F5 2006c OCLC Number: (OCoLC)75411779 Subject: Telephone -- Taxation -- Law and legislation -- United States. Excerpt: ...15 fund anticipation loans. Amounts collected from the imposition of penalties on refund loan facilitators shall be directed to the IRS for the administration of the public awareness campaign. The provision also requires the Secretary to terminate the Debt Indicator program announced in Notice 99 - 58 and prohibits the Secretary from implementing any similar program. EFFECTIVE DATE The provisions relating to the regulation of refund loan facilitators generally are effective one year after the date of enact-ment. The provision terminating the Debt Indicator program is ef-fective on the date of enactment. AXPAYER CCESS TO INANCIAL NSTITUTIONS F. T A F I ( Sec. 206 of the bill ) PRESENT LAW A large number of individual taxpayers do not have bank ac-counts. Because of this, these taxpayers are unable to participate fully in electronic filing, because IRS cannot electronically transmit to them their tax refunds. REASONS FOR CHANGE The Committee believes that effectiveness of tax incentives and assistance programs are diminished when individuals do not have an account at a financial institution. For example, the benefits re-ceived through the earned income tax credit diminish when tax-payers redirect their tax refund in exchange for a refund anticipa-tion loan. In contrast, if such taxpayers had an account at an in-sured financial institution, such tax refund could be directly depos-ited into the taxpayer's account without a reduction for fees paid to a refund anticipation loan facilitator. Between 25 and 56 million adults do not have an account with an insured financial institution. These individuals rely on alter-native financial service providers to cash checks, pay bills, send re-mittances, and obtain credit. Many of these individuals are low-and moderate-income fami...Hide synopsis
Telephone Excise Tax Repeal and Taxpayer Protection and Assistance Act of 2006 – Trade paperback
(2010)
by United States Congress Senate Committee (Creator)
Description:New. This item is printed on demand. The BiblioGov Project is...New. This item is printed on demand. The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications. In broadening the public understanding of government and its work, an enlightened de.
Description:BRAND NEW PAPERBACK. 7.44 by 10 inches. This book is printed on...BRAND NEW PAPERBACK. 7.44 by 10 inches. This book is printed on demand [allow 1-2 weeks for printing]. (00162 pages) lang=english accessory: no accessory (Paperback )
Description:Good. 1240616821 Used book, in good condition |No supplements |...Good. 1240616821 Used book, in good condition |No supplements | Normal wear to cover and spine | Page markings | Inventory sticker present | Satisfaction guaranteed!
