More on Taxes
Congressman Brad Sherman, CPA and Senator Elizabeth Warren Introduce Legislation to Simplify Tax Return Filing
Washington, DC – Congressman Brad Sherman, CPA and former head of the nation’s second largest tax agency, today reintroduced the Tax Filing Simplification Act to ease the tax filing process for millions of American taxpayers and reduce their costs. Sherman’s bill is a companion to legislation reintroduced today by Senator Elizabeth Warren (D-MA).
Sherman Announces How Los Angeles Residents Can Find Out If They Have Unclaimed Tax Refunds. LA County Has $60 Million in Undelivered & Unclaimed Returns. Plus Tips to Avoid to Tax Scams & Fraud
Does the Government Owe You Money?
Every year thousands of Californians do not receive their tax refund from the IRS or the California Franchise Tax Board due to a change of address or a change of name. In some cases, you may not know you are missing a return because you did not expect to receive one, but due to an accounting error discovered in your favor, you are owed one.
Washington DC – Following news that the Congressional Super committee failed to reach an agreement on deficit reduction, Congressman Brad Sherman (D – Sherman Oaks, CA), a senior member of the House Financial Services Committee, released the following statement:
Washington DC – In September, Congressman Sherman (D-CA) and several other members of Congress wrote a letter to the Commissioner of the Internal Revenue Service (IRS) urging the IRS to treat LGBT couples in states with domestic partnership and same-sex marriage laws equitably and fairly. Currently same-sex partnerships have undue complications in filing simple tax returns because their marriages are not recognized by the federal government. The letter, which was led by Congressman Jim McDermott, was signed by a bipartisan coalition of 74 Members of Congress.
Washington DC – Following President Obama’s September 8th speech, Congressman Brad Sherman released the following statement:
“The President’s economic plan is good but insufficient. We need a bolder spending program over the next 2 years to get us out of this recession, but if and only if it is paired with an even bolder program to reduce the deficit over the next 10 years. I’m pleased that the President supports tax breaks for the middle class, including the payroll tax holiday which provides immediate additional stimulus and is self-reversing.
WASHINGTON, DC – Congressman Brad Sherman (D-CA) issued the following statement today about Republican Leader John Boehner’s proposal to means-test Social Security:
“Today, Congressman John Boehner, leader of the Republicans in the House of Representatives, suggested reducing or eliminating Social Security benefits for Americans with “substantial non-Social Security income.”
Up to 15,000 San Fernando Valley companies eligible for substantial tax credit now
Washington, D.C. – San Fernando Valley small businesses will be getting a little bit of good news in their mailboxes. Congressman Brad Sherman (D-Sherman Oaks) said today that companies eligible for new health reform tax credits will be getting a postcard explaining the credits and encouraging them to take advantage of the tax cut.
Congressman Sherman said the tax credit is especially important to getting the Valley economy moving again.