initiative
hometaxgapfaqresourcewho
abused


todo

checkMay 2006. Withhold three percent of payments for all federal, state and local government contracts.

checkJuly 2008. Increase IRS budget to enhance enforcement activities. 

checkJuly 2008. Track all electronic payments made to businesses through credit and debit card company reports on merchants.

checkJuly 2008. Allow 28 percent withholding of a company’s total sales if taxpayer identification can’t be verified by credit and debit card companies.

boxGive IRS direct access to all business checking-account records.

boxRequire businesses to report to the IRS payments made to contractors,
withhold taxes as necessary.

boxDouble fines for late and/or inaccurate returns.

box Require businesses to report on all payments in excess of $600 to another
business, i.e. FedEx.