[Principled]

What is the purpose of 3rd party reporting?

Isn't that accomplished under the nrst (even if you choose to call it something else?)

Yes it is.

[lucysmom]

Isn't that accomplished under the nrst (even if you choose to call it something else?)

Third party reporting is accomplished when both parties of a transaction are required to report. The employer reports wages withheld to the IRS and to SS; the employee reports his wages to the IRS along with documentation that includes FICA taxes withheld.

The FairTax only requires that a report be made by the tax collector.