The IRS and Treasury Department have announced a pilot program to allow some taxpayers to electronically file and pay their taxes directly to the IRS, set to launch in early 2024. The program is a result of the Inflation Reduction Act of last year and could mark a major change in the way U.S. taxpayers deal with the revenue service. The IRS has built a prototype system and will invite some taxpayers to test it out next year, with the goal of making the filing process easier and more efficient.
Posts tagged as “Intuit”
Intuit, the parent company of TurboTax, has agreed to pay $141 million to settle a multistate lawsuit over deceptive advertising practices. Consumers who were eligible for the IRS Free File program but were instead charged a fee to file their tax returns with TurboTax will receive restitution and relief as part of the settlement. Intuit must also suspend its "free, free, free" ad campaign and pay $11 million to the states that participated in the lawsuit.