Congress drops proposal to ban the IRS from competing with Turbotax
Follow up from a previous post on blocking the IRS from creating a free tax filing option to compete with Intuit.
Lawmakers are planning to drop a proposal to prohibit the Internal Revenue Service from offering a free online tax-filing option, Politico and Pro Publica report. The provision was included in the Taxpayer First Act, which passed the House in April but has not passed the Senate. It was backed by the makers of private tax preparation software, including Intuit (makers of TurboTax) and H&R Block.