E-Filing Lags behind Mandate


IRS estimates indicate about 60% of all tax forms will be electronically filed during 2008, far short of a 1998 congressional mandate of 80% by 2007. For a second year, the Service’s Electronic Tax Administration Advisory Committee recommended that Congress authorize the IRS to require e-filing by paid tax preparers who use tax software to prepare more than 50 individual returns per year.

ETAAC also urged the IRS to “strongly encourage” e-filing vendors to eliminate filing fees.

Source: The IRS Electronic Tax Administration Advisory Committee’s Annual Report to Congress, www.irs.gov.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.