In April, several U.S. Senators introduced a bill that would cut IRS compliance burdens for small business owners. The bill, The Small Business Taxpayer Bill of Rights Act, S. 2689, has now been referred to the Senate Finance Committee. According to one of the co-sponsors,
“This bill lowers the compliance burden, strengthens taxpayer protections and ensures small businesses are not targeted for additional scrutiny based on discrimination.”>>Read more about Bill S. 2689 or check out the specifics.