The IRS Enters the Tax Game
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 18 October 2023
⏱️ 27 minutes
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| 0:00.0 | Activist investors are eyeing wardrobe staples, and the IRS might have some good news for |
| 0:09.6 | taxpayers. |
| 0:10.6 | Motleyful money starts now. |
| 0:15.3 | I'm Dylan Lewis, and I'm joined over the airwaves by Motleyful Analyst Jason Moser. |
| 0:20.1 | Jason, thanks for joining me. |
| 0:21.5 | Hey Dylan, happy to be here. |
| 0:22.9 | Thanks for having me. |
| 0:23.9 | We've got an activist investor eyeing sneakers and the maker of virtual world telling |
| 0:27.8 | employees they need to come back in person. |
| 0:30.0 | But our first story today, Jason, is focused on the tax man. |
| 0:33.3 | The IRS announced plans to launch its own free tax filing program in 13 states next |
| 0:37.6 | year, and the agency expects hundreds of thousands of taxpayers to use direct file in the pilot |
| 0:43.1 | program. |
| 0:44.1 | Jason, this ends a very long period where it seemed like the IRS was very comfortable |
| 0:48.4 | letting other companies handle tax filing, even free tax filing for taxpayers. |
| 0:53.3 | Yeah, well, understandably so. |
| 0:55.1 | I mean, building that infrastructure is obviously very complicated when you have a lot of |
| 0:59.2 | companies out there that are already done it. |
| 1:01.8 | Sometimes it's easier to to saddle up and you build partnerships as opposed to trying |
| 1:07.3 | to go it on your own. |
| 1:08.5 | This, though, seems like a response primarily, at least, to bad behavior on the part of |
| 1:15.0 | Intuit. |
... |
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