Has the IRS Stepped Over the Line? | AccountingWEB

Has the IRS Stepped Over the Line?

A proposal by the Internal Revenue Service has tax preparation software companies and the technology industry up in arms.

The Service is asking tax software companies to offer taxpayers 'free' tax preparation and electronic filing services in exchange for providing easier access to individuals' private tax records.

While this doesn't seem inherently out of order, software companies believe the IRS may someday be a competitor in offering the same services. Already, the IRS has asked companies to cooperate, and if they do, they could be compensated in some form or fashion.

This leaves industry analysts baffled as to the IRS' motivation for such a move. To justify the action, the IRS says taxpayers would rather work directly with them rather than go through a third-party to file taxes.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.