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Verbal tax riddles cost millions
The GAO finds IRS instructions on Keogh retirement plans are too complex, causing $14 million in excess deductions in 1977. Simplify laws and improve guidance. IRS will add Keogh details to 1040 forms and Your Income Tax, and rewrite Publication 560. Keogh plans date to 1962 and led to IRAs.
MENTIONED IN THIS ARTICLE
GAO
IRS
James E.roper
Newhouse
Washington — Congress
General Accounting Office
Internal Revenue Service
Keogh
Internal Revenue
Egger
Roscoe L. Egger Jr
Congress
Keough
Eugene Keogh
New York
Navy
Pee