“Where deductions are based on a number of small items not susceptible to complete documentary substantiation, reasonable determinations should be made at the district examination level. Consideration will always be given to the reasonableness of the taxpayer’s claimed deductions.”
Policy Statement P4-39
“If we don’t change our system of collecting taxes, it will break down . . . Our traditional approach cannot sustain an acceptable level of compliance.”
IRS Commissioner SHIRLEY PETERSON to the Annual Meeting of the New York State Bar Association’s Tax Section (January 31, 1993)
“Citing a survey showing that taxpayers annually spend more than 5 billion hours dealing with the tax system, former IRS ...