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June 7, 2019 03:30 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/YPYxvM6qhRE/congress-scraps-provision-to-restrict-irs-from-competing-with-turbotax
Congress Scraps Provision To Restrict IRS From Competing With TurboTax
An anonymous reader quotes a report from ProPublica: Congressional leaders are planning to scrap a provision of an IRS reform bill making permanent the Free File deal between the government and private tax filing companies, torpedoing a long-sought goal by industry giant Intuit, the maker of TurboTax. The development, first reported by Politico Pro and confirmed to ProPublica by a House Republican staffer, comes two months after an outcry sparked by our story on the Free File provision in a bill called the Taxpayer First Act. The bill, which has bipartisan support and contains a range of provisions including restrictions on the private debt collection of unpaid taxes, passed the House in April but stalled in the Senate. Under the Free File program, the industry promises to offer a no-fee option to most Americans and in return the IRS pledges not to develop its own free, online filing service. Such an IRS program would threaten the industry's profits. Only a small percentage of eligible Americans use the Free File options, and many are instead steered to paid products by the industry. The new bill, without the Free File provision, could be introduced today and voted on in the House as soon as next week, according to Politico. The Free File program will continue as before and will not be codified into law. "The current deal expires in 2021," reports ProPublica. "The IRS said in May that it was launching an internal review of the program, following our stories on how Intuit, H&R Block and other companies deliberately hid their Free File editions from search engines, making it harder for taxpayers to find them."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/YPYxvM6qhRE/congress-scraps-provision-to-restrict-irs-from-competing-with-turbotax
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