A pretty big switch just happened at the IRS which will have a dramatic affect on me and all my fellow tax preparers. It may not be as big a deal to you but you should take note of it.
The increased regulation has a goal of insuring your taxes get done right. Obviously, the IRS wants returns prepared with no errors. They also want you to pay the most so choose wisely when it comes time to get a tax preparer or company to do your tax return. The IRS goal is to get the most money out of you and those who only go through their training may not be aware of all the deductions and tax credits available to you.
For more info and full details you can check out these resources:
- Wall Street Journal’s take
- MarketWatch news
- The Atlantic Newspaper – interesting tidbit is over 80% of returns were done using preparers or e-file consumer tax software
- Conservative Blog Take
- Fox News Full Story
- Enuws site talks about it
- Yahoo News says it won’t be for 2010
- News Online
- Here’s what the tax lady says
