How Costly Loans Drive the Tax Prep Industry
Excerpts from the IRS report on tax return preparers.
Get the full report: FREE DOWNLOAD HERE (PDF, 55 pages).
Related: IRS Seeks to Regulate Tax Pro’s
Today, a majority of U.S. taxpayers rely on tax return preparers to assist them in meeting their federal tax filing obligations. Between 1993 and 2005, the number of taxpayers who prepared their own tax returns without outside assistance fell more than two-thirds. For 2007 and 2008, over 80 percent of all federal tax returns were filed either using a tax return preparer or software. Specifically, approximately 87 million federal individual income tax returns were prepared by paid tax return preparers.
