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U.S. markets recover from steep losses
WASHINGTON, April 14 (UPI) -- Automatic tax filing could be in the future for 40 percent of U.S. taxpayers, eliminating a chore for many citizens, a New York congressman said.
Rep. Anthony Weiner will introduce a bill next week that proposes the option of allowing taxpayers to let the Internal Revenue Service handle their 1040EZ and 1040A tax forms, the New York Daily News reported Monday.
"More people will file. Fewer people will have to spend money on tax firms or on computer software. And we'll be improving the relationship between the IRS and taxpayers for whom April 15 is a big headache," Weiner said.
Taxpayers would review their forms before signing them. But, the work will be done by the IRS in conjunction with employers, the paper reported.
The system would be voluntary.
An IRS spokesperson did not comment on the proposal, the paper said.
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