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TaxAct is a member of the Free File Alliance, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies. [13] In November 2022, private equity firm Cinven agreed to acquire TaxAct for about $720 million ...
In November 2023, Jason Drake was elected the firm’s next managing partner, effective July 1, 2024. A former leader of Plante Moran’s international offices and global services practice for six years, Drake was recognized by Crain’s Detroit Business in 2015 as a “40 Under 40” recipient for helping the firm increase international ...
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The office of the National Taxpayer Advocate has reported that of 76,715,982 U.S. individual income tax returns (Forms 1040, 1040A and 1040EZ) prepared by paid return preparers that were filed for the tax year 2017, a total of 39,252,790 returns were prepared by unenrolled preparers.
The company began in Canada in 1997 when John Hewitt, co-founder of Jackson Hewitt, acquired a Canadian tax franchisor, U&R Tax Depot. In 1998, the company became Liberty Tax Service and opened five offices in the United States. [3] In 2012, it was named as a "Top 20 Franchise for the Buck" by Forbes, having grown to over 3,500 franchise ...
Drake University was founded in March 1881 by George T. Carpenter, a teacher and pastor, and Francis Marion Drake, a Union general during the Civil War. Drake was originally affiliated with the Christian Church (Disciples of Christ) at its founding, but the religious affiliation was terminated in 1907. [ 12 ]
The office replaced the previous Office of the Ombudsman within the IRS. [8] The Taxpayer Advocate was initially appointed by the IRS commissioner until the Internal Revenue Service Restructuring and Reform Act of 1998 transferred appointment authority to the United States Secretary of the Treasury .