A software company that promises to help Americans avoid the annual misery of filing their IRS returns has, in fact, spent years trying to convince lawmakers to make sure filing taxes remains difficult, thus protecting its business, a new report found.
Every year Americans spend an estimated $2 billion and 225 million hours preparing their tax returns by April 15. The process can include obtaining information from a bank or employer, intensive financial disclosures, and, for many Americans, an appointment with a professional accountant who is qualified to evaluate how much money the state and federal government is due. Continue reading “TurboTax maker spending millions to kill simplified IRS tax filing”