Patrick Michael Posted July 15, 2022 Report Share Posted July 15, 2022 "Sen. Elizabeth Warren, D-Massachusetts, and a group of nearly two dozen Senate colleagues introduced legislation to enable more taxpayers to file their taxes online for free directly via the Internal Revenue Service. The Tax Filing Simplification Act would direct the IRS to develop a free, online tax preparation and filing service that would allow all taxpayers to prepare and file their taxes directly with the federal government instead of being forced to share private information with third parties. It would actually prohibit the IRS from entering into agreements that restrict its ability to provide free online tax preparation or filing services. The bill also aims to improve taxpayer data access by allowing all taxpayers to download third-party-provided tax information that the IRS already has into a software program of their choice, saving time and decreasing the risk of math errors on W-2 income or Child Tax Credit payments that lead to significant processing delays." 2 Quote Link to comment Share on other sites More sharing options...
Donnarae Posted July 15, 2022 Report Share Posted July 15, 2022 Looks good on paper, but I wish they would tighten up on fraud by eliminating refundable tax credits before opening the floodgates to welcome even more. …and there’s your run-on-sentence for the day… 4 1 Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted July 15, 2022 Report Share Posted July 15, 2022 You know imputing numbers is easy but is their theory correct? 2 Quote Link to comment Share on other sites More sharing options...
Lee B Posted July 15, 2022 Report Share Posted July 15, 2022 I didn't know the IRS offered this until I stumbled across it earlier this year: "About Free File Fillable Forms Free File Fillable Forms are electronic federal tax forms you can fill out and file online for free, enabling you to: Choose the income tax form you need Enter your tax information online Electronically sign and file your return Print your return for recordkeeping If you choose Free File Fillable Forms as your Free File option, you should be comfortable doing your own taxes. Limitations with Free File Fillable Forms include: It won't give you guidance about which forms to use or help with your tax situation It only performs basic calculations and doesn't provide extensive error checking It will only file your federal return for the current tax year No state tax return option is available You can't make changes once your return is accepted Free File Fillable Forms is the only IRS Free File option available for taxpayers whose 2021 income (AGI) is greater than $73,000. Taxpayers whose income is $73,000 or less qualify for IRS Free File partner offers, which can guide you through the preparation and filing of your tax return, and may include state tax filing." 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted July 15, 2022 Report Share Posted July 15, 2022 1 hour ago, cbslee said: Free File Fillable Forms Yes, I'm not sure if the forms do any math and I'm sure it's limited to the more basic returns, but it is a way to file free. Quote Link to comment Share on other sites More sharing options...
Max W Posted July 15, 2022 Report Share Posted July 15, 2022 Senator Warren should try doing her own tax returns this way and see what results she gets. She wants the IRS to provide a government version of Turbotax without considering all the problems people have had with TT. It is so bad that that TT has had to hire EA's and CPA's to help taxpayers prepare their returns. Will the IRS be providig help as well with IRS employees that have had only a rudimentary course in taxes? 5 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted July 15, 2022 Report Share Posted July 15, 2022 Simplification = I get to increase my fees! 3 1 Quote Link to comment Share on other sites More sharing options...
Jim Oh Bkkr Posted July 16, 2022 Report Share Posted July 16, 2022 Simplified to a "post card", resulted in a 2 page 1040 now being about 5 pages on average. Gotta agree with @Lion EA 7 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted July 16, 2022 Report Share Posted July 16, 2022 15 hours ago, Max W said: She wants the IRS to provide a government version of Turbotax That's not what she or most people want, but who knows what we'll end up with... if anything. This battle has raged since the 90s, at least. 3 Quote Link to comment Share on other sites More sharing options...
Randall Posted July 18, 2022 Report Share Posted July 18, 2022 The debt bomb keeps ticking. Quote Link to comment Share on other sites More sharing options...
Lee B Posted July 19, 2022 Report Share Posted July 19, 2022 Another free efiling tax system that I have never heard about: "MilTax online software is also available for members of the military and certain veterans, regardless of income. This software is offered through the Department of Defense. Eligible taxpayers can use MilTax to prepare and electronically file their federal tax returns and up to three state returns for free." 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.