AICPA tells IRS of concerns about inclusion of tax return cost estimates.
Form 1040 schedules that have been self-prepared without tax software, self-prepared with tax software and prepared by a paid professional. Stating that the numbers do not reflect marketplace reality and will undermine contextual explanation, the AICPA said the cost estimates will prove problematic, misleading and counterproductive. In addition, the National Society of
Accountants wrote a letter to the IRS urging the agency to correct the tables. To help alleviate the potential problems, the AICPA recommended that the PDF versions contain information to provide more context for the estimates. The IRS has indicated it may decide to include some language that helps clarify the information. To learn more, see this month's CPA Letter public accounting supplements (access instructions are on page 2 or go to www.aicpa.org/pubs/cpaltr/jan2006/supps/index.htm).
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|Title Annotation:||tax info|
|Date:||Jan 1, 2006|
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