The Phaserl


Intuit’s Long Hard Fight To Stick It To The Taxpayer

by Wolf Richter, Testosterone

“The government imposed the income tax burden in the first place,” said former California Republican legislator Tom Campbell about the process of filing income tax returns. “So if it wants to make it easier, for heaven’s sake, why not?” But two companies that sell tax preparation software and services have been lobbying tooth and nail against making it easier—and won.

The theory is that the IRS knows in advance much of the data in an individual income tax return before it’s filed: wages and benefits via the W-2 submitted by the employer, investment income via the various Forms 1099 submitted by banks, brokers, and others, and so on. For taxpayers who don’t itemize or have other headaches, like a Schedule C, the IRS already has the data from current and prior years to fill out the tax return and do its own calculations.

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