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.

You may like these other stories...

Boehner addresses GOP priorities ahead of midterm electionsHouse Speaker John Boehner (R-OH) on Thursday delivered what amounted to closing arguments ahead of the November elections, laying out a list of Republican...
As anyone who's ever been through a divorce can attest, the pain of parting with your spouse isn't just emotional—the fallout from divorce can wreak financial havoc as well long after the dust in the courtroom...
Former DOJ Tax Division head Kathryn Keneally joining DLA Piper in New YorkGlobal law firm DLA Piper announced on Thursday that Kathryn Keneally, the former head of the US Justice Department Tax Division, is joining the firm...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.