Submitting Campus
Daytona Beach
Department
Economics, Finance, & Information Systems
Document Type
Conference Proceeding
Publication/Presentation Date
1-2009
Abstract/Description
This paper investigates what return-free filing is and how, if it is implemented in the United States, it will affect the tax preparer profession and taxpayers. In this paper we look at two systems, currently in use in other countries, which have been evaluated by the IRS: exact withholding system and the tax agency reconciliation system. Either system, if implemented, will most likely affect only the simplest returns, as anyone who has capital gains, certain credits, business income, etc. will still be required to file a return. The effects of such a system will vary greatly depending on the individual situations. The effects of the implementation of a return –free filing system on the tax preparer profession is more difficult to judge since there will still be many people who will want their returns prepared by professional tax preparers.
Publication Title
Global Conference on Business and Finance Proceedings
Publisher
IBFR Global
Sponsorship/Conference/Institution
Global Conference on Business and Finance/The Institute for Business and Finance Research
Location
Atlantic City, New Jersey
Scholarly Commons Citation
Ledgerwood, J. R., & Braun, J. J. (2009). Return-Free Filing: What Is It, and How Will It Affect the Tax Preparer Profession and Taxpayers in General?. Global Conference on Business and Finance Proceedings, 4(1). Retrieved from https://commons.erau.edu/publication/107
