What if you could skip filing your tax returns altogether?
Here’s how it would work: the IRS would use data about your income and tax payments from your employer, banks and other sources to estimate your tax liability. When tax time rolled around, you’d could voluntarily verify and adjust the data and hit submit. It would be free and fast.
If that sounds like a Utopian experience to you, return-free filing is your friend.
So why isn’t it here yet? Over at ProPublica, Liz Day has a fascinating story about the campaign against return-free filing being waged by the maker of tax prep software Turbo Tax, Intuit, which views return-free filing proposals as a threat to its business model.
According to Day, the company is behind a “grassroots” letter writing campaign to pressure lawmakers to squash return-free filing bills.
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