Taxes
Prior to serving in Congress, Sherman served as a Certified Public Accountant (CPA), Tax Attorney and a Certified Tax Law Specialist
"As CPAs we bring a unique approach to fiscal issues" ~ Congressman Brad Sherman
Currently, Congressman Sherman Co-Chairs the Congressional CPA Caucus that examines standards for financial reporting and auditing in the private sector, the process around the auditing of federal government agencies, and tax accounting issues
Below are some of the recent issues Sherman has been working on in Congress concerning Taxes
Congressman Sherman introduced the Tax Filing Simplification Act to ease the tax filing process for millions of American taxpayers and reduce their costs.
Sherman’s bill is a companion to legislation reintroduced today by Senator Elizabeth Warren (D-MA).
Tax prep companies like Intuit have gotten away with these Free File scams by deploying hordes of lobbyists – including revolving door hires.
For decades, Intuit lobbyists have defended a failed tax filing system that places corporate profits over taxpayer needs.
Sherman teamed up with Senator Elizabeth Warren (D-MA) and Congresswoman Katie Porter (D-CA) to put an end to such abusive practices.
The lawmakers said in a letter to Intuit CEO Sasan Goodarzi that TurboTax offers products that "scam American taxpayers into paying for services that should be free."
Moreover, Sherman, Porter and Warren together urged Federal watchdogs to investigate the abusive practices that allowed Intuit to protect their scam tax filing schemes.
The lawmakers are working on legislation to crack down on such abusive practices and make the tax filing process cheaper and easier.
More on Taxes
WASHINGTON, D.C. -- Today, Congressman Brad Sherman (D-CA) voted to send historic, inflation-fighting legislation to the President’s desk. The Inflation Reduction Act will deliver landmark investments that lower families’ kitchen table costs, create millions of good-paying union jobs, combat the climate crisis, and dramatically reduce the deficit.
Washington D.C. – Today Congressman Brad Sherman (D-Sherman Oaks) and Congresswoman Katie Porter (D-CA) led 48 colleagues in introducing the Tax Filing Simplification Act of 2022, with Senator Elizabeth Warren (D-Mass.) leading 22 Senate colleagues to introduce the Senate companion. This legislation would simplify the tax filing process for millions of Americans, saving them time and money.
Sherman Oaks, California – As taxpayers rush to file last-minute returns by tonight’s midnight deadline, Congressman Brad Sherman (CPA, former head of the second largest tax agency in the country and Co-Chair of the bipartisan, bicameral CPA Congressional Caucus) is helping Californians uncover over $405 million in old refunds that are just waiting to be delivered to up to 412,000 Californians.
WASHINGTON, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks), chair of the House Financial Services Subcommittee on Investor Protection and Capital Markets, and Congresswoman Victoria Spartz (R-Ind) announced the official reconvening of the CPAs and Accountants Caucus. Originally formed in 2011, the CPAs Caucus focuses its efforts on reforming and revitalizing the American financial system through common-sense fiscal policy and sound budgetary practices.
Congressman Brad Sherman, CPA and Senator Elizabeth Warren Introduce Legislation to Simplify Tax Return Filing
Washington, DC – Congressman Brad Sherman, CPA and former head of the nation’s second largest tax agency, today reintroduced the Tax Filing Simplification Act to ease the tax filing process for millions of American taxpayers and reduce their costs. Sherman’s bill is a companion to legislation reintroduced today by Senator Elizabeth Warren (D-MA).
Sherman Announces How Los Angeles Residents Can Find Out If They Have Unclaimed Tax Refunds. LA County Has $60 Million in Undelivered & Unclaimed Returns. Plus Tips to Avoid to Tax Scams & Fraud
LA County Has $60 Million in Undelivered & Unclaimed Returns
Plus Tips to Avoid to Tax Scams & Fraud
Does the Government Owe You Money?
Every year thousands of Californians do not receive their tax refund from the IRS or the California Franchise Tax Board due to a change of address or a change of name. In some cases, you may not know you are missing a return because you did not expect to receive one, but due to an accounting error discovered in your favor, you are owed one.
Washington DC – Following news that the Congressional Super committee failed to reach an agreement on deficit reduction, Congressman Brad Sherman (D – Sherman Oaks, CA), a senior member of the House Financial Services Committee, released the following statement:
Washington DC – In September, Congressman Sherman (D-CA) and several other members of Congress wrote a letter to the Commissioner of the Internal Revenue Service (IRS) urging the IRS to treat LGBT couples in states with domestic partnership and same-sex marriage laws equitably and fairly. Currently same-sex partnerships have undue complications in filing simple tax returns because their marriages are not recognized by the federal government. The letter, which was led by Congressman Jim McDermott, was signed by a bipartisan coalition of 74 Members of Congress.