The Internal Revenue Service established the Office of Taxpayer Burden Reduction (OTBR) in 2002 in order to address the amount of time and money taxpayers spend to prepare and pay their federal taxes. Although the phrase “taxpayer burden” might seem to refer to the actual amount of income tax owed each year by a business or individual, in this case it means the obstacles – paperwork, tax preparation fees, etc. – that make it more difficult to pay what is owed in taxes.

Using a Tampa CPA from Reliance Consulting, LLC, is the best way to make sure that everything is in order when it comes to planning and preparing your taxes, whether for your individual return or for your company’s annual tax return. One of the benefits of partnering with Reliance for tax planning and preparation is that you have the ability to leave the complicated business of interpreting tax requirements to us. Fortunately, the IRS acknowledges the fact that its processes could be improved and simplified by providing the public the ability to submit burden reduction proposals to the OTBR, which focuses its efforts on four main areas:

• Simplifying taxpayer forms and IRS publications
• Streamlining policies and procedures within the internal structure of the IRS
• Promoting less burdensome laws and rulings
• Developing new, more accurate ways to assess taxpayer burden

Since opening our doors in 1984, Reliance Consulting has helped thousands of individuals and hundreds of Florida businesses navigate tax planning and preparation – always with the guiding principal of maintaining financial stability and profitability while remaining in compliance with ever-shifting IRS rules. Contact us today to get started on tax planning for the next fiscal year, or for a complete financial health checkup.