On: IRS moves forward with a new free-file tax return system

[HDThoreaun]

Takings clause means the government would have to pay full market value which is currently 137 billion dollars.

[brewdad → HDThoreaun]

A few more news stories suggesting Intuit is going to see a huge drop in revenues from this free IRS offering should bring that number down significantly.

[nightski → brewdad]

Honestly I don't see how it would impact them significantly. Intuit already offers free file for the cases that would likely be covered by this tool from the IRS.

[xp84 → HDThoreaun]

That’s no big deal, they could immediately turn around and sell the half of the business (QuickBooks, etc) to recoup a good portion of that.