IRS program in competition with you
March 13, 2014
CPA Trendlines reports that the IRS program called “FreeFile” may be the reason that 769,000 tax returns are missing from the marketplace. Do-it-yourself software is taking an increasing slice of the tax preparation business.
“FreeFile is a public-private partnership between the IRS and the FreeFile Alliance LLC. The alliance is a corsortium of 14 leading tax software providers who make their products available exclusively at IRS.gov.” FreeFile does not support any state tax returns – a bit of good news.
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Stephanie Chen commented on Apr. 5, 2014:
If you don't have a complicated financial situation its hard to beat the do-it-yourself software for the convenience and privacy. It's just an unfortunate reality :(
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