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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTurboTax Fights To Keep Tax Filing Harder Than Necessary
Over the last year, a rabbi, a state NAACP official, a small town mayor and other community leaders wrote op-eds and letters to Congress with remarkably similar language on a remarkably obscure topic.
Each railed against a long-standing proposal that would give taxpayers the option to use pre-filled tax returns. They warned that the program would be a conflict of interest for the IRS and would especially hurt low-income people, who wouldn't have the resources to fight inaccurate returns. Rabbi Elliot Dorff wrote in a Jewish Journal op-ed that he "shudder[s] at the impact this program will have on the most vulnerable people in American society."
SNIP
The letters and op-eds don't mention that, as ProPublica laid out last year, return-free filing might allow tens of millions of Americans to file their taxes for free and in minutes. Or that, under proposals authored by several federal lawmakers, it would be voluntary, using information the government already receives from banks and employers and that taxpayers could adjust. Or that the concept has been endorsed by Presidents Obama and Reagan and is already a reality in some parts of Europe.
So, where did the letters and op-eds come from? Here's one clue:
Rabbi Dorff says he was approached by a former student, Emily Pflaster, who sent him details and asked him to write an op-ed alerting the Jewish community to the threat. What Pflaster did not tell him is that she works for a PR and lobbying firm with connections to Intuit, the maker of best-selling tax software TurboTax.
"I wish she would have told me that," Dorff told ProPublica.
Continued at Link:
http://www.huffingtonpost.com/2014/04/14/turbotax-free-tax_n_5147468.html
The story is worth reading because it gives the details of the return free filing. Basically a system where the gov't pre-fills in the tax form with information it already knows, like mortgage interest deduction, interest earned, W-2 income, etc. The taxpayer can alter these numbers if necessary. It really is an important time and money saver for the average American. Even for those still using CPA's it should reduce fees by having the info pre-filled in.
CFLDem
(2,083 posts)although turbotax is pretty easy to use, so for now it seems to be kind of a wash to me.
PumpkinAle
(1,210 posts)free trade except when the "free trade" benefits Americans rather than the corporations themselves.
JimDandy
(7,318 posts)that it is unfair competition from the government. Just one example was when some cities proposed providing low cost or free internet service to all their residents. If govenment entities provide a service and it's financially good for us, corporations will oppose it.
LTR
(13,227 posts)Don't trust TurboTax. They chsrge too much, and also charge for things that can be done for free. Still, not a terrible way to e-file.
alarimer
(16,245 posts)Even though H&R Block was free. It was considerably different, like $200, so it was worth the extra money. Mine was more complicated because I had some investment income (very little, but enough to make the filing complicated).
I am leery of pre-filled forms. What if they're wrong in some important aspect? I can't see this working out well.
ProudToBeBlueInRhody
(16,399 posts)Totally free for both federal and state.
tammywammy
(26,582 posts)You still have to check all the numbers, and so many people wouldn't do that and file inaccurate returns.
Flying Squirrel
(3,041 posts)I own a business but make less than 15k a year (before taxes). So $99 to file a business return with TurboTax... big percentage of my money.
I did my taxes with TurboTax and then transferred the results onto the paper returns.
Sorry bout that, TurboTax. But a guy's gotta live.