Wednesday, December 1, 2010
WASHINGTON (AP) -- IRS Commissioner Doug Shulman is warning lawmakers that retroactively changing 2010 tax laws early next year "would be extremely detrimental to the entire tax filing season and to tens of millions of taxpayers."
Several big tax cuts have already expired for 2010, including a patch that spares more than 20 million taxpayers from being hit with the alternative minimum tax. Key lawmakers have told Shulman that they intend to pass a 2010 patch by the end of the year.
Shulman says the IRS has programmed its computers anticipating Congress will patch the AMT.
Other expired tax breaks include tax breaks for educators, deductions for property taxes and state and local sales taxes.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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