2015 Tax Software Update: Tax prep software vendors on what’s coming up, from the threat of DIY to the promise of the cloudAugust 27, 2015
Despite the additional complexities of tax preparation, the trend toward do-it-yourself tax preparation continued to expand this past filing season. Returns filed professionally saw a 0.2 percent increase as of May 15, 2015, over the previous year, while self-prepared returns grew a whopping 5.8 percent. Overall, 49,195,000, or more than 40 percent of the total of 120,612,000 e-filed returns, were filed by taxpayers who prepared the returns themselves. Yet most observers believe the complexity of the Tax Code will continue to drive taxpayers to professional preparers. READ FULL ARTICLE.
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