IRS Commissioner: ‘I Do Not Do My Own Tax Return’ Because Code Too Confusing
WASHINGTON – IRS Commissioner John Koskinen said the tax code is “more difficult to understand” than when he went to law school so he does not prepare his own tax returns.
"Actually, I do get a refund myself. And what I usually do is then figure out how much of it I can use to start paying my estimated taxes for the next year, as that goes. So I'm just like everybody else – confused a little by the tax code. I do not do my own tax return, even though I went to law school and took tax courses, but the code, compared to when I was in law school, is phenomenally more complex and more difficult to understand,” Koskinen said during a National Press Club luncheon on Wednesday.
“My life is fairly simple. You become the IRS Commissioner and you give up a lot of stuff and get rid of a lot of stuff, so I'm a relatively simple economic being – but the annual return is still much more complicated than it needs to be,” he added.
Koskinen was asked if he thinks tax reform will be more difficult to accomplish than healthcare reform for the GOP-led Congress.
“I think it is. As someone noted, healthcare reform, as people have discovered, is complicated but you're dealing with a segment of the economy – the insurance companies and companies providing healthcare. When you're talking about tax reform, you're dealing with everybody in the economy and, so, it is complicated,” he said. “We haven't done significant tax reform, as everybody knows, in over 30 years, and as you know, we don't have, as I said, a dog in the fight of healthcare, we don't have a dog in the fight of what goes on in tax policy.”
Koskinen referred to reforming the tax code as a “once-in-a-lifetime opportunity” for Congress and the White House.
“I've tried to make it clear with the Hill, with the new leadership at Treasury that we are delighted to provide support, once you decide what the policy is, in terms of how to implement it most effectively and simply for taxpayers, as well as for us. And so, we look forward to cooperating with them,” he said.
“I do view tax simplification as not policy so much as administration. And I've been trying to get everybody to understand it's a once-in-a-lifetime opportunity, apparently, to do tax reform and I hope we don't lose the opportunity to do tax simplification at the same time,” he added.
Koskinen said the IRS is ready to provide support for implementation of a tax reform package.
“People, I've asked them over several months to pull together their suggestions, where you could just streamline the code, not policy-wise, just streamline and get rid of some of the complexity, and we've provided that into the system and we stand ready – both with the Hill and the administration – to provide whatever technical support we can to try to make sure that as we reform the tax code, we do it in a way that simplifies it, rather than complicates it,” he said.