All the latest on everything affecting your taxes, your rights and, ultimately, your money.
A statement from U.S. Senator Mike Crapo (R-Idaho) made on June 1, 2023: “Madam President, the Inflation Reduction Act, IRA, contained a provision for the Internal Revenue Service, IRS, to spend $15 million to deliver a report to Congress on an IRS-run and maintained “Direct eFile” tax return system. This was not a bipartisan provision….
‘Direct file’ is a waste of time and money. Private companies and nonprofit organizations do just fine.
Looking forward to next April 15? Neither are we. Nobody likes paying taxes. But most Americans realize that living in this country isn’t just a privilege, but a great bargain, too. Taxes come with the territory.
The Internal Revenue Service joined with representatives of tax preparation and software firms, payroll and tax financial product processors and state tax administrators to announce a sweeping new collaborative effort to combat identity theft refund fraud and protect the nation’s taxpayers.
New research shows that Refund Transfers (RTs) provide substantial value to unbanked individuals and, on the whole, improve consumer welfare. The study was conducted by John Friedman, Assistant Professor of Public Policy at Harvard University’s Kennedy School and a Faculty Research Fellow at the National Bureau of Economic Research, and his findings were published [PDF]…
The American Coalition for Taxpayer Rights (ACTR) was formed in 2011 by the nation’s leading retail tax preparation and tax software companies and financial institutions, which collectively prepare and file more than 120 million of the 160 million federal tax returns annually. ACTR advocates for taxpayer rights and strengthens America’s voluntary tax compliance system.
