Law Articles And Legal Issues

Tax-Compare.com Co-founder Explains How Obama's and McCain's Tax Stances Might Affect Future of Tax Software and Preparation

Austin, TX (PRWEB) June 20, 2008 -- Tax preparation software has become a multi-billion dollar industry. But will either Obama's or McCain's tax plan eliminate the need for tax preparation software altogether? Co-founder of Tax-Compare.com (www.tax-compare.com), Leo Welder, doesn't necessarily think so.

"In order for there to be a major impact on tax software, the IRS is going to have to become the sort of comprehensive resource that tax software market leaders like Tax Cut from H&R Block and Turbo Tax are for their customers," says Welder, who doubts that government agencies will have the vested interest that businesses do in helping people pay the lowest tax amount possible.

Most tax software programs include a tax calculator and error check feature. Additionally, people who use tax preparation software receive help with everything from maximizing tax deductions to learning useful tax tips that can apply to those who work at home, people who have lost their jobs, small business and many other categories.

But the process of tax preparation has been somewhat costly. BarackObama.com states, "Experts estimate that the Obama proposal will save Americans up to 200 million total hours of work and aggravation and up to $2 billion in tax preparer fees."

Tax cuts and tax code reform have become major issues in the economic debate between the Presidential candidates, and the media has reported on the stark differences between each man's views on taxes.

A summary of the candidates' proposals can be found on each candidate's website. JohnMcCain.com declares "A Real Choice For Simpler Taxes," which offers simplification in the form of a two-rate tax code with a "generous standard deduction." But Obama's platform, listed on BarackObama.com, aims to reduce tax preparation time to "less than five minutes" by mandating pre-filled tax forms to be sent to taxpayers by the IRS.

While both candidates aim to eliminate the difficulties that make tax filing stressful for many Americans, only Obama calls attention to taxpayers' reliance on third parties--tax preparers.

But paid tax preparation (using accountants or tax experts) is a different category than self-preparation (using tax software), which was used by nearly 20 million people in 1999 and 2000 and has since increased in popularity, according to a study done by IBM and the Urban Institute.

Perhaps the notion of community has something to do with the proliferation of tax software users. Databases like the "Live Community" on TurboTax.com, which Tax-Compare.com cites as a "Pro" in their review, provide answers to tax-related questions and allow users to share info and tips.

Some have argued that the tax preparation software and assistance are best left to the corporations. Others simply doubt that the IRS will be able to replace the tax software industry.

When asked for his response to the tax plans of the Presidential campaign frontrunners, Gaines Kilpatrick, co-founder of Tax-Compare.com, was unruffled.

"Everybody wishes they could do their taxes in five minutes, but when has the government ever been known to be fast?" says Kilpatrick, "It wouldn't be surprising if many people were still utilizing tax software in 2009."

Voting for the 2008 Presidential election will take place this November. It remains to be seen whose tax plan will be implemented for the 2009 tax filing season.

For additional information regarding tax software, visit http://www.tax-compare.com.

Zilker Ventures, LLC is a web publisher that consolidates information and reviews various business and financial products.

# # #

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Other Law Sites
Search The Internet For Other Law Sites

Law Books
Search For Law Books At FindaBook.com

Fresno Family Law Attorney Says Collaborative Law Can Provide Smoother and More Affordable Divorce
Fresno family law attorney Erin Rhames-Childs says collaborative law can help people can reduce the conflict and cost of divorce litigation.

CalBizCentral Announces Booklets to Help Businesses Navigate State, Federal Employment Laws, Reduce Legal Risk
CalChamber's CalBizCentral 'What Every Manager Needs to Know About' series provides training managers need to comply with confusing laws.

Tax Attorney Roni Deutch Analyzes Proposed Tax Laws in New Featured Blog
After nearly seven months of blogging, tax attorney Roni Deutch has posted a new featured blog analyzing the causes and possible outcomes of a new proposal that is being backed by the Internal Revenue Service. The proposal is part of President Bush's 2008 budget, and attempts to lower the gap in what taxpayers pay and what they should pay in taxes, by requiring many Internet companies to collect personal data from their users.

Tax Attorney Web Site Warns of Upcoming Tax Laws in 2008
TaxAttorneyHelp.com, an online network of tax attorneys, is preparing to assist taxpayers with new laws in the coming year.

Legal Resource Local-Attorneys Expands to Include Divorce Law
Local legal resource website Local-Attorneys has announced that it is expanding to cater to divorce law specialists and visitors in need of advice. Web users will be able to browse local law firms who specialize in every sort of legal vertical. Find the best advice and attorneys in the industry.

Legal Services of Labor Law Attorneys
Labor law attorneys deal with a broad range of labor issues mainly related to how employers treat employees, former employees and applicants for employment. This includes all the areas of the employer-employee relationship, negotiations, and the collective bargaining agreement.

Divorce Lawyer Says Families Do Not Belong In The Court Of Law
Fresno divorce attorney Erin Rhames-Childs says that the court of law is no place to divorce. The courts are overworked and understaffed - leading to poor legal decisions that are not in the best interests of those involved. Collaborative divorce is a way for couples to divorce while maintaining their dignity, making decisions that truly are in the best interests of their children and preserving their finances. Collaborative divorce is quicker, cheaper, and better for maintaining functional relationships for after the divorce is over.

Houston Bankruptcy and Family Law Practice Announces Affiliation with Houston Civil Litigation, Business Law and Immigration Law Firm
Houston bankruptcy attorney Michael Busby of Busby & Associates joins forces with Carlos Peniche & Michael Rojas of Peniche and Rojas to offer Texans comprehensive legal services - from divorce, personal injury and civil litigation to contract disputes, employment law and immigration services.

Elizabeth A. Kreitzer, Certified Family Law Specialist, Joins Klinedinst Family Law Group
The California-based law firm of Klinedinst PC has added Elizabeth A. Kreitzer, Certified Family Law Specialist, to its expanding Family Law practice group. Ms. Kreitzer's addition, combined with the strength of the firm's existing litigation teams, will help ensure that every client receives sophisticated, professional and compassionate representation, Ms. Kreitzer is the recipient of the Michael C. Shea Chair in 2005, and adds a wealth of family law knowledge to the department. She is experienced in working with sophisticated clients handle complex family law issues, including divorce, paternity and custody disputes, prenuptial agreements, adoption proceedings, and other family law matters.

Lemon Law Attorney, Dana Lynn Tarquini, Featured at Lemon Law Administrators Conference
Ms. Tarquini, one of the country's most prominent lemon law attorneys, participated in panel discussion at the 10th anniversary lemon law administrators conference in Atlantic City.

Kirsten Branigan Joins McDonald Law Group, LLC Adding Depth in Employment Law
Kirsten Branigan and Nancy McDonald join forces with a shared passion--advocating for advancement of women in the practice of law.

New York City Construction Accident Lawyers Lobby for Safer New York State Labor Laws
Recent construction accident news supports David Perecman and Doug Fanning's stance that New York State labor laws need to be updated and strengthened to protect worker's rights.

Los Angeles Divorce Attorneys, The Family Law Company, Opens a New Office in Beverly Hills
Los Angeles family law attorney and founder of The Family Law Company Pamela Wright opens a new office in Beverly Hills. The Family Law Company offers high-quality legal services at affordable rates for divorce, paternity, child custody and child support actions because justice doesn't have to cost a fortune.

Copyright Infringement Cases Can Teach Us To Obey Copyright Laws
Copyright infringement cases can be both costly and time consuming. Considering copyright infringement is something that isn?t as easily defined as theft or speeding, there are numerous copyright infringement cases changing the way copyright law is viewed in the U.S. By reviewing a few of these copyright infringement cases, you can get a better idea of what is, and what is not, acceptable use of copyrighted works.