On Friday, the Obama administration unveiled new rules to curb corporate and individual tax avoidance, as well as new rules for taxing the windfall windfall that comes from tax breaks for wealthy Americans.
But that’s not all.
The administration also announced an overhaul of how it handles tax payments from foreign governments that are sent to the U.S. via the United Nations.
That means that Americans will be able to file their taxes for the first time with fewer foreign governments than they have to date.
But those new rules also require the administration to file tax returns in a way that’s simpler and less burdensome than it’s been under the current administration.
The changes will require all taxpayers to report their tax returns for the full year, but the IRS won’t start auditing returns until July 25.
So, unless you’re a wealthy billionaire like Mark Zuckerberg, you won’t have to wait long to file.