Political Quotes

“I thank the chair and the ranking member for their hard work and dedication during the appropriations process, and I look forward to working with them on a number of important issues surrounding the treatment of taxpayers by the IRS. Mr. Chairman, I will be withdrawing this amendment at the conclusion of my allotted time. However, I wish to make a point. I agree with the steps the committee has taken within this legislation, but feel more must be done to ensure equal treatment for all taxpayers. My amendment would prohibit the IRS from pursuing claims against taxpayers for underpayment where the issue is lost records, except in the case of fraud. According to its own publications, the IRS recommends that taxpayers keep records up to 7 years--and more in some cases--to respond to potential audits. This is often necessary for individuals and corporations to retain records for years and potentially longer for businesses depending upon the circumstances and types of records. The loss of records can have significant repercussions for the taxpayer and can result in penalty fees and payments of back taxes with interest. Should these taxpayers be audited, the burden is on them-- yes, the burden is on them--to produce proper records, not the IRS.…”