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Courtesy of USA Today
IRS, preparers sign off on free electronic tax filing
WASHINGTON (AP) - Up to 78 million taxpayers will probably be able
to file their tax returns electronically without charge under an
agreement between the Internal Revenue Service and a group of tax
preparers and software publishers.
"This represents an important step forward for taxpayers and our
e-filing efforts," said IRS Commissioner Charles Rossotti, who
signed the agreement Wednesday with Free File Alliance manager
Mike Cavanagh.
Click Here to view the USA Today article.
[Note: TaxMama will be bringing you some of that free filing
next year, through our partnership with TaxBrain.com]
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Courtesy of the Mercury News
O'Neill prepares tax overhaul plan
CODE CHANGES TO BE SOUGHT AFTER ELECTION
WASHINGTON - Treasury Secretary Paul O'Neill, once pegged as the
Cabinet member most likely to depart after the Nov. 5 elections,
is making plans for a post-election administration effort to
overhaul the nation's tax system.
More than 100 Treasury Department experts are compiling a list of
possible changes to the 9,500-page U.S. tax code, from simplifying
regulations on savings bond sales to scrapping income taxes in
favor of consumption or value-added taxes.
Click Here for entire article.
[TaxMama: Oh goody. And you just know that some genius, wanting
to be generous, will make some provisions retroactive to 2002.
Expect more havoc in 2003 - and expect to pay more to your
Tax Pros, as we get updated on even more new laws. Yippee!]
Published TaxMama.com 11.01.02 |
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