The Cold War Is Over, But No One Told the IRS
by Joseph Thorndike
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As Zhang suggests, “An employer could voluntarily send in a registration form and see how it goes.” But if they’re going to give it a shot, they better move fast. In a sign that lawmakers are finally catching up with current events, the congressional Joint Committee on Taxation has identified both the charity disallowance and the Social Security exemption as examples of “potential deadwood” lurking in the code.
Looks like the Cold War might finally be ending. Let’s hope the IRS gets the word this time.