I really like TurboTax. Before I used TurboTax, I used to pay an accountant hundreds of dollars a year to do my slightly complicated taxes. . TurboTax is much cheaper and not much extra effort.
— David Frum October 30, 2023 The misnamed Inflation Reduction Act included a $15 million earmark for the IRS to fund a pilot program in which the IRS would act as both preparer and receiver of Americans’ taxes. Republicans have long objected to Democrats’ efforts to boost IRS funding, and the large tax preparers have long lobbied against proposals that the IRS enter the tax-prep industry.
It’s no fun being in the crosshairs of politicians and the political media. But again, if your business depends on the government, such trouble comes with the territory. Obama lost in court because Congress had never given the IRS the authority unilaterally to regulate tax preparation. The companies counting on big government to kill its competitors were let down.