This week, AIA highlights a new report from the Small Business & Entrepreneurship Council (SBE Council) detailing how IRS tax enforcement uncertainty stifles small business growth, investment, and job creation. 

Key findings from the report include: 

• Reducing tax enforcement uncertainty would increase private sector investment by up to $118.8 billion annually. 

• Company revenues would grow by as much as $1.4 trillion annually. 

• Employment would rise by up to 4.3 million jobs per year. 

• Businesses would save up to $8.8 billion annually in tax compliance costs. 

Small businesses are disproportionately affected: 

• 71% of small firms say tax enforcement uncertainty hurts their ability to compete with larger companies. 

• 57% spend at least 9% of their annual revenue on tax compliance. 

• 35% avoid claiming legitimate tax credits or incentives over fear of IRS scrutiny. 

The IRS has become a threat to the well-being of small businesses, and it cannot continue. 

Read the full report here. 

If you, or someone you know, have experienced a specific IRS abuse and wish to flag the instance for potential inclusion in future Abuses of the Week, contact us with the details at the following email: info@irsaccountability.org.