Bad for the IRS, but Good for Americans

No, the IRS did not lose a court case because the income tax is really just a tax on the exploitation of a federal privilege for profit. The IRS lost a $175 million class action lawsuit regarding the fees it charged for paid tax preparers to obtain and use a preparer tax identification number (PTIN). Not only must the IRS no longer charge for a PTIN, it must provide “a full refund of all PTIN fees paid. “It is believed that “between 700,000 and 1,200,000 preparers have paid at least the initial PTIN registration fee, if not additional annual renewal … Continue reading Bad for the IRS, but Good for Americans