Wouldn’t the ban on tax preparation companies hurt mostly the middle class? The rich can just get full time accountants to handle all their finances, and these accountants will also optimize their taxes as part of the general service they provide.
The IRS actually wants to make tax prep easier. Companies like TurboTax and the like are predatory.
They lobby congress to keep taxes complicated. All to milk people for $20-$35 each at tax time. Many countries either file taxes for you or make it super easy.
Think about it. You do your taxes and send them in… but the IRS sometimes sends out corrections. I’ve received MORE sometimes and others get audited to pay more. That means the IRS knows what you owe already…
Wouldn’t the ban on tax preparation companies hurt mostly the middle class? The rich can just get full time accountants to handle all their finances, and these accountants will also optimize their taxes as part of the general service they provide.
The IRS actually wants to make tax prep easier. Companies like TurboTax and the like are predatory.
They lobby congress to keep taxes complicated. All to milk people for $20-$35 each at tax time. Many countries either file taxes for you or make it super easy.
Think about it. You do your taxes and send them in… but the IRS sometimes sends out corrections. I’ve received MORE sometimes and others get audited to pay more. That means the IRS knows what you owe already…
Ideally it would be similar to basic online tax prep. But posted by the IRS (which has started already!!!)