March 26, 2013

TurboTax Against Free Return-Free Tax Filings

TurboTax against free return-free tax filings. 

Liz Day on free return-free tax filings

The Concept
Imagine filing your income taxes in five minutes — and for free. You'd open up a pre-filled return, see what the government thinks you owe, make any needed changes and be done. The miserable annual IRS shuffle, gone.

How Would the Process Work?
Taxpayers would have three options when they receive a pre-filled return: accept it as is; make adjustments, say to filing status or income; or reject it and file a return by other means.

Then, why isn’t this return-free tax filing option available?
Well, for one thing, it doesn't help that it's been opposed for years by the company behind the most popular consumer tax software — Intuit, maker of TurboTax. Conservative tax activist Grover Norquist and an influential computer industry group also have fought return-free filing.

A return-free tax filing would make life simpler for a lot of people (including IRS).

Makes perfect sense then that Intuit, makers of TurboTax paid tax software, opposes this.

Tags: return-free tax filing, free tax filing, intuit against free tax filings, turbotax against free tax filings