tax practice

new irs requirements could force big shake-out in tax prep industry

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wall street: mom-and-pop tax shops in peril.

john hewitt, the founder of jackson hewitt and now ceo of liberty tax, expects a huge shakeout because of the new irs requirement for paid tax-return preparers to register with the government.

john hewitt
john hewitt

market share for the two largest tax chains, h&r block and jackson hewitt, has eroded by about 9% in the past four years as do-it-yourself online tax software gained ground. turbotax, for example, grew by about 121%. but the new irs ptin rules may slow the decline by forcing out mom-and-pop paid preparers, according to wall street analysts. read more →

the top 64 blogs for tax geeks

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federal and state, professors, and practitioners.

there’s something for everybody in this list — one of the best we’ve seen — of blogs for tax geeks and wonks. this list includes four kinds of tax blogs: tax policy blogs by american professors, “think tank” tax policy blogs, state and local tax policy blogs, helping american taxpayers make sense of policy. did we miss one? tell us in comments. read more →