For many Americans, it's frustrating that beyond having to pay sometimes hefty tax bills, they also have to shell out more money for tax preparation programs or preparers.
will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.
"It’s definitely something we should do, and when the IRS is adequately resourced, it’s something that will happen," said Treasury Secretary Janet Yellen at a June Senate Finance Committee hearing. Perhaps this biggest hurdle is an agreement between the IRS and some commercial tax preparation companies, known as the Free File Alliance, which prevents the federal agency from creating its own free tax return filing system. In short, the IRS agreed not create its own filing system if companies would instead provide free services toThis program, though, has been marred with controversy, with commercial firms misrepresenting their services and low taxpayer participation rates.
Vanessa Williamson, a senior fellow at the Urban-Brookings Tax Policy Center, said "if the IRS moves forward with a free product, it could save lower-income families the money they used to give to H&R Block or TurboTax."
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