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Long hours and hard work comes with owning a small business. Few entrepreneurs would have it any other way. It’s the price they pay to live their American dream.
But not everyone welcomes overtime and extra effort to get the job done. The IRS, National Taxpayer Advocate Nina Olson reported to Congress recently, is suffering “workload overload,” chiefly due to the increasing complexity and frequent changes in the U.S. tax code. Between 2001 and 2010, the revenue rulebook was revised 4,430 times—an average of more than once a day.
That won’t surprise small-business owners, who bear the brunt of unending alterations to tax requirements and paperwork. That’s why nearly 90 percent now hire professional tax preparers to complete their returns.
Where Main Street and Washington differ is about the solution. Olson says the IRS needs more money. President Obama agrees. His FY2012 budget request for the agency jumped nearly 10 percent to $13.3 billion, partly to add 5,000 more employees to a tax-collecting force that already exceeds 100 thousand workers.
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