The Trump White House is pushing to make it easier for small businesses to file tax returns with the federal government, in an effort to ease the burden on Americans who can’t afford to pay for them.
The White House on Tuesday proposed a new rule to simplify the process for small business owners and their owners to file their federal taxes.
Under the new rule, owners of small businesses would be able to file federal taxes online using an electronic filing system that will include the address of the business.
It will also include an online “taxpayer identification number” for businesses.
“We are asking the IRS to simplify this process for owners and businesses so that they can file their tax returns electronically in a manner that is both fair to all small businesses, and allows them to comply with the tax law,” said IRS Commissioner John Koskinen.
Koskinen told the Senate Finance Committee that the IRS had recently made a decision to simplify its online filing process for taxpayers, so the new proposal would simplify the current filing process.
The IRS is currently implementing a separate online tax preparation system for taxpayers.
The new rule would allow businesses to claim deductions, credits and credits for state and local taxes, up to a maximum of $10,000, which could potentially help them pay for the cost of complying with the law.
The proposed rule was a response to a request from Sen. Ron Wyden (D-Ore.), the ranking member of the Finance Committee, who said small businesses are under a “massive tax burden” and the administration wants to make filing tax returns simpler.
“This is the kind of tax reform that will benefit small businesses,” Wyden said during the hearing.
“The goal of this rule is to provide tax relief for small employers.”
Wyden, who chairs the committee’s Small Business and Entrepreneurship Subcommittee, said the proposal is part of an effort by the Trump administration to provide greater relief to small businesses.
The tax rule was proposed in March by Wyden’s committee and the House Ways and Means Committee.
The Treasury Department said in a statement that it had submitted a proposal to the Senate in the weeks before the tax holiday, and the IRS and Treasury would work with the committee on the rule’s final form.
In his testimony, Koskinensaid that his agency had proposed a rule to “make filing online simpler for small and small-business owners.”
In March, the IRS unveiled a rule that will simplify the filing of federal tax returns for small- and medium-sized businesses, with a maximum allowable deduction of $5,000.
That proposal is similar to a proposal by the administration.
The new proposal is not a final rule.