September 9, 2008
Editor's Note
This week we're featuring an article about the Treasury Inspector General's report that concludes that the same taxpayers who apply for refund anticipation loans because they are so desperate to receive their tax refunds that the standard two- to three-week IRS processing time is simply too long to wait, should be targeted for receiving the free tax preparation services offered by the IRS in its Free-File program.

Personally, I'd prefer to see the IRS focus its efforts on educating those taxpayers about how withholding works and explaining how to adjust W-4 forms so that they are not over-withheld. Perhaps the IRS computers could generate and mail to these taxpayers an already-filled-out W-4 form that would adjust withholding to an appropriate level and would be ready to sign and give to the employer. Oh but wait - then the government would lose money. That will never do.

Best regards,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com


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