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The Commissioner, Small Business/Self-Employed (SB/SE) Division, should work with the Commissioner, Wage and Investment (W&I) Division, to evaluate the benefits of updating Form 1040, Schedule 1, and creating error resolution codes to identify and potentially prevent self-employed retirement deductions that are over the maximum amounts permitted by law or when taxpayers do not report self employed net earnings. For example, Form 1040, Schedule 1, could be updated to include check boxes indicating the type of self-employed retirement plan for which taxpayers are claiming the deduction and a location to enter the EIN of the self-employed retirement plan. If it is determined to be beneficial, the Commissioner, SB/SE Division, should work with the Commissioner, W&I Division, to update Form 1040, Schedule 1, and create error resolution codes.
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Recommendation rejected by IRS