While the Tax Preparation Nightmare is Still Fresh
The headaches from preparing your latest tax return for the IRS may now be subsiding, but a new study by the National Taxpayers Union predicts that tax complexity is "likely to get worse before it gets better." The cause for this is AMT (Alternative Minimum Tax), a parallel system aimed at "ensuring the wealthy paid a substantial tax bill." However, "(b)y 2010, as many as 1 in 3 taxpayers would be forced to complete a second tax return for (and pay) the AMT." Perhaps the answer is to buy the stock of H&R Block since the study says, "The average fee for tax preparation at H&R Block was $112.42 through March 15 of this year, up by 9.4% over last year." The link takes you to NTU's press release about the study, where you can access the complete report.