Reuters: Politics: Exclusive: Senate panel eyes IRS tax reform options - draft

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Exclusive: Senate panel eyes IRS tax reform options - draft Mar 21st 2013, 18:27 Tweet Share this Email Print Related News Senate banking panel approves Obama's SEC, CFPB choices Tue, Mar 19 2013 Reform-minded Congress panel to eye state, local tax breaks Mon, Mar 18 2013 Dueling budget plans debut in Congress Tue, Mar 12 2013 Republicans unveil 10-year plan to shrink deficit Tue, Mar 12 2013 Top House tax lawmaker trains sights on small businesses Mon, Mar 11 2013 Analysis & Opinion Essential reading: Senate votes on tax hikes in budget, and more Predictions and wishes for Osborne's 2013 Budget Related Topics Politics » Regulatory News » Breakingviews » Women walk out of an Internal Revenue Service office in New York April 18, 2011. Credit: Reuters/Lucas Jackson WASHINGTON | Thu Mar 21, 2013 2:27pm EDT WASHINGTON (Reuters) - Requiring life insurers and banks to report some tax transactions to the Internal Revenue Service was among tax reform options included in a discussion draft circulated among Senate tax writers and obtained by Reuters on Thursday. The nine-page document was being circulated among lobbyists and lawmakers who are working on possible tax reform legislation. The draft was tagged as the first in a series to be weighed by the tax-writing Senate Finance Committee. The document said the options listed were not endorsed by either the committee's Democratic chairman or its top Republican member. Other options included repealing the alternative minimum tax and revoking passports for seriously delinquent taxpayers. (Reporting by Kim Dixon; Editing by Kevin Drawbaugh; Editing by Gerald E. McCormick) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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