TAXING TIMES: Sen. Warren calls for expanded IRS powers to prepare tax returns
Rep. Bryan Steil discusses how the House voted to pass the $739 billion Inflation Reduction Act on ‘The Evening Edit.’
A small part of the funding includes $15 million dedicated to fund a task force to study the cost and feasibility of creating a free direct e-file program, which has been a controversial idea. Warren wasn't planning to wait for a task force study and already filed a bill to develop a free, online tax preparation and filing service that allows all taxpayers to prepare and file their taxes directly with the federal government instead of through private tax preparers.
The Warren proposal would move more quickly to allow filers with simple tax situations to choose a "return-free option" that provides a pre-prepared tax return with an income tax liability or refund amount already calculated. Proponents also say it would reduce tax fraud by getting third-party income information to the IRS earlier in the tax season. has 22 Senate Democrat co-sponsors.
However, the concept of "return-free filing," or allowing the IRS to control the tax filing for mostly low-income individuals has critics on both sides of the political spectrum. , president of the conservative Americans for Tax Reform.
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