Seven Trillion Reasons to Pay Attention

How closing the $7-trillion tax gap could impact the tax prep business.

By CPA Trendlines

President Biden is proposing some big – and some would say long overdue – spending on infrastructure and programs to help lift Americans out of the pandemic recession. He can’t raise taxes – that’s Congress’s purview – but collecting taxes falls within the obligations of the executive branch.

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And the executive branch smells potential.